On 5 July 2024, the PRA published Policy Statement 11/24 ‘Regulated fees and levies: Rates proposals 2024/25’ (PS11/24).

PS11/24 is relevant to all firms that currently pay PRA fees or are expecting to do so within the 2024/25 fee year.

In PS11/24 the PRA sets out its final policy regarding:

  • The fees rates to meet the PRA’s 2024/25 Annual Funding Requirement for the financial period 1 March 2024 to 28 February 2025.
  • Amendments to the Fees Part of the PRA Rulebook.