FCA eyes split fee-blocks for principal firms

Solo- and dual-regulated firms

Cristian Angeloni
clock • 4 min read

The Financial Conduct Authority has proposed to split the fee-block pertaining to principal firms.

The move follows its review of the Investment Firms Prudential Regime (IFPR) - the prudential regime applying to UK firms authorised under MiFID - which came into force in January 2022. In its consultation paper on regulatory fees and levies for 2024/25 published today (21 November), the FCA explained most MiFID and non-MiFID firms fall under the A.10 block for fees and levies, which relates to firms dealing as principals. Financial services industry bodies call for greater clarity on FCA D&I proposals As part of its proposals, the regulator plans to split the A.10 block in two: A....

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