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The Fees Team

This page includes documents and links to information on fees charged to our regulated firms community. These fees provide us with the resources we need to carry out our statutory functions under the Financial Services and Markets Act 2000 (FSMA).

Our fees apply to a structure of "fee-blocks", each of which covers a different sector of the financial services industry. This structure aims to recover the costs we incur of regulating each sector.

Useful links

Levies for the Financial Services Compensation Scheme and the Financial Ombudsman Services

The FSCS is the single compensation scheme created under the Financial Services and Markets Act 2000 (FSMA).

The FOS provides a mechanism for resolving disputes, which is a simple, informal and accessible alternative to the courts.

Read information on FSCS levies & FOS Fees

Fines

We publish our schemes for dealing with fines we receive in our Consolidated Policy Statement on fees (PS07/7). We do not treat fines we receive as income and we are not allowed to take fines into account when setting our fees. So, as intended by Parliament when it enacted FSMA, we have no financial incentive to levy fines.

Fines received by us in one financial year are given back to the industry in the following year, as deductions from their periodic fees.

Fees for smaller firms

Fees for financial advisers

Fees for mortgage and general insurance intemediaries

Fees for Mutual societies

Further information for smaller firms is available in the Small Firms section.