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The Credit Services Association (CSA)
FCA publishes fees paper
The Financial Conduct Authority (FCA) has published a fees paper that will be of interest to CSA Members:
- The FCA has confirmed the FCA periodic fees (annual fees); Financial Ombudsman Service levy and Money Advice Service levy for 2014/15. Please see the policy statement for further information.
- The fees will apply to consumer credit firms that become authorised during the financial year 2014/15. Newly authorised firms will pay their fee on pro-rata basis from the date they become authorised (so if they become authorised halfway through the year, they will only pay half of the annual fee).
- The fee rates are the same as those proposed in the March consultation paper. The FCA received many helpful and thoughtful comments on their proposals and have included feedback in the policy statement.
- Members can use the FCA fees calculator to find out how the fees could apply if they get authorised this year.
Please note, the fees do not apply to firms with interim permission. Firms with interim permission will not pay any further FCA fees until they become authorised.
FCA consumer credit periodic fee rates for 2014/15