FSA is consulting on its planned fees and levies for 2012/13. Its proposals are to:
- change the tariff base for several investment fee blocks to allow income to replace the headcount of approved persons for three advisory blocks and to allow principal dealers to report full-time equivalent posts rather than headcount;
- amend the financial penalty scheme so FSA can distribute the balance of moneys received as penalties (after meeting the costs of specific enforcement action) in line with its estimates of enforcement activities over the coming year;
- revise certain listing fees and fees for issuers of RCBs and modify the data that e-money institutions must provide;
- give guidance on fees for insurance business transfers; and
- introduce an administrative fee for late or non-submission of complaints reports.
It asks for comments on most of the paper's proposals by 6 January 2012. (Source: Consultation Paper 11/21***: Regulatory Fees and Levies: Policy Proposals for 2012/13)