The PRA has published Consultation Paper 17/17: Regulated fees and levies: Adjustment to rates for 2017/18 (CP17/17).
CP17/17 is relevant to all firms that currently pay PRA fees or are expecting to do so within the 2017/18 year (1 March 2017 to 28 February 2018). In CP17/17 the PRA sets out proposals to correct the fee rates for its 2017/18 annual funding requirement which was published in Policy Statement 17/17: Regulated fees and levies: rates for 2017/18 (PS17/17).
The PRA explains that the fee rates in PS17/17 did not reflect the most up-to-date data received from firms prior to its publication. The PRA therefore proposes to correct the fee rates by amending Table III of the Fees Part of the PRA Rulebook. The proposed changes to the text are set out in the draft PRA Periodic Fees (2017/18) Correction Instrument 2017, which is in the Appendix to CP17/17. For all firms, the correct fee rates will be lower than those published in PS17/17.
The deadline for comments on CP17/17 is 12 October 2017
View PRA consults on adjustments to fee and levy rates for 2017/18, 12 September 2017