FSA has announced its annual funding requirement for 2011/12 will be £500.45 million. The increase of just over 10% in overall funding will be borne by larger firms. Generally, though, firms will pay 2% less in fees because of discounts relating to enforcement fines and FSA says 43% of authorised firms will pay only the minimum fee. FSA's consultation on the rates for its fees and levies explains its business plan and suggests allocation of fees between fee blocks. It asks for comments on its proposals, variously, by 28 February, 11 March and 1 April. (Source: FSA/PN/017/2011 and CP11/2**: Regulatory fees and levies: Rates proposals 2011/12)