Brexit to cost the FCA £5m in 2018/19


The Financial Conduct Authority (FCA) has budgeted for a total annual funding requirement (AFR) of £543.9m for 2018/19.

It also predicted a total EU exit cost of £30m to the regulator.

The figures were revealed in a consultation paper on fees and levies published alongside its Business Plan.

This is an increase of 3.2%, compared to the £526.9m budgeted for 2017/18.

The regulator detailed that its AFR includes ongoing regulatory activities budget costs, costs relating to changes to its

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