PS20/7: FCA regulated fees and levies 2020/21

Read PS20/7 (PDF)[1]

We are publishing the 2020/21 perioding fees and levies for the:

• Financial Conduct Authority (FCA)
• Financial Ombudsman Service
• Money and Pensions Service (the Money and Pensions Service is referred to in our FEES manual as the Single Financial Guidance Body (SFGB))
• Devolved Authorities
• Treasury’s expenses for tackling illegal money laundering

We also publish our feedback on the responses we received to the consultation on the draft fees and levies rules in CP20/06[2].

On 22 July 2020 we published an updated version of PS20/07 (please follow the link above) which makes amendments to the final financial penalty rebates for 2020/21 as explained in the notes to table 2.1 in Chapter 2 and table 4.1 in Chapter 4.

Who this applies to

All fee payers will be affected by this Policy Statement. This PS is not directly relevant to retail financial services consumers or consumer groups, although fees are indirectly met by financial services consumers.

Next steps

Firms can use our online fees calculator[3] to calculate their individual fees based on the final rates in this PS. This includes FCA periodic fees and the Financial Ombudsman Service, Money and Pensions Advice Service, Devolved Authorities and illegal money lending levy final rates. The fees calculator will also cover PRA fees and FSCS levies.

We will invoice fee-payers from July 2020 onwards for their 2020/21 periodic fees and levies.