On 19 June 2018, the Bank of England (BoE) published a Policy Statement setting out the fee rates for financial market infrastructures (FMIs) for the 2018/19 fee year and a Statement of Policy on the fee-levying regime. The BoE also sets out application fees for FMIs for 2018/19.
The fee regime is expected to come into force on 10 July 2018. Fees for 2018/19 will be a pro rata amount for that fee year and FMIs should expect to receive invoices in September. The full annual process of levying fees will commence from the fee year 2019/2020.