FCA has published a policy statement on the Management Expenses Levy Limit (MELL) for FSCS, confirming the levy for the next year will be £72.7 million as originally proposed. It has also confirmed the rule changes (see FReD 24 March). PRA has published its own statement on the MELL and has confirmed the changes to its Rulebook to be made by the FSCS Management Expenses Levy Limit and Base Costs Instrument 2016. Both regulators have published feedback to responses received to its consultation on the MELL (see FReD 22 January). (Source: FCA feeds back on MELL and PRA finalises FSCS MELL)