| Link(s): | PS26/14: FCA regulated fees and levies 26/27 FCA Regulated fees and levies 2026/27: feedback on CP26/11 and ‘made rules’ FSCS Levy Calculation Notes 2026/27 Final Rates |
Context
The FCA has published its final regulatory fee and levy rates for 2026/27 including feedback on Consultation Paper CP26/11. Fees and levies are charged to firms to enable the funding of the FCA, Financial Ombudsman Service (FOS) and certain government departments. The FCA also responded to feedback from their consultation on draft fees and levies, as outlined in CP26/11.
Key points to note and next actions
- The FCA has reduced the total fees payable by applying the £72.4m of financial penalty revenues they retained from 2025/26. This means the total fees payable by fee payers in 2026/27 is £716.5m, which is 0.7% higher than last year.
- CP26/11, announced in March 2026, sought opinions on the FCA’s proposals to increase minimum, flat rate and application fees in line with their Ongoing Regulatory Activities budget, which pays for the FCA’s core day to day work such as staff salaries, technology and administration, to regulate the UK financial services sector. The FCA has commented on the responses it received within PS26/14.
- The consultation also covered the continuation of staged increases to the minimum fees in the consumer credit and “A” fee-block, as well as draft periodic fee-rates, FOS draft general levy rates, and levy rates for the government departments the FCA collects fees for.
- Firms can use the FCA’s online fees calculator to determine their individual fees based on the final rates announced in Appendix 1 of PS26/14.