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25 February 2018

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FCA issues consultation paper on levy changes

Charlie Thomas 13 November 2017

The UK's financial regulator, the Financial Conduct Authority (FCA), is consulting on a range of proposals which will change how the watchdog is funded.

In a consultation paper released today the FCA proposed changes to how the Financial Ombudsman levy is calculated. It also suggested bringing additional firms under the scope of the financial penalty scheme (FPS) as well as a slight change to the minimum thresholds needed for firms to contribute to the running of the FCA.

On the...

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