On 13 June 2019, the PRA published Policy Statement 12/19 (PS12/19) on regulated fees and levies, detailing its rates for 2019/20. Specifically, PS12/19 sets out the PRA’s final policy on:

  • the fee rates to meet the PRA’s 2019/20 Annual Funding Requirement (AFR) for the financial period 1 March 2019 to 29 February 2020;
  • amendments to the Fees Part of the PRA Rulebook (Appendix 1); and
  • updates to Supervisory Statement (SS) 3/16 ‘Fees: PRA approach and application’ (Appendix 2).

The implementation date for the PRA Periodic Fees (2019/20) and Other Fees Instrument 2019 and the updated SS3/16 ‘Fees: PRA approach and application’ is Monday 1 July 2019.