CP07/5: Financial Services Compensation Scheme Funding Review - Including feedback on DP06/1
The FSA's Consultation paper 07/5 is entitled 'Financial Services Compensation Scheme Funding Review'. It was published in March 2007 and the period for consultation responses closes on 20 June 2007.
Introductory documents
Newsletter [ PDF | 156KB | 4 pages ]
Press release:
FSA sets out reforms to funding of Compensation Scheme
Consultation paper
CP07/05: [ PDF | 611KB | 125 pages ]
Financial Services Compensation Scheme Funding Review - Including feedback on DP06/1
Please note:
Annex 3 of the CP contains data showing the possible liability that firms may face under the proposed model. In formulating their responses to the CP, firms may particularly wish to review this data.
Erratum - 11/4/07
Please note that since publication an error was identified in table 5.3. The general insurance provision sub-class' estimated financial size is £13.8bn. The CP has now been amended to reflect this.
Response
PS07/19: (November 2007)
FSCS Funding Review - Feedback on CP07/5 and made text
Other relevant information
Oxera report [PDF]
Funding the Financial Services Compensation Scheme - Analysis of policy options
DP06/1:
FSCS funding review (March 2006)