FSA reviews annual fees approach
The Financial Services Authority says it wants to "enhance fairness and transparency" for annual fees
Following a review of its approach for determining the annual fees that firms pay, according to the FSA, it is consulting on a number of measures to ensure that fees continue to be set in a fair way, and to make the basis for calculating fees easier for firms to understand, including:
- Setting a standard "minimum fee" that all firms will have to pay to cover the basic cost of being regulated
- Ensuring that "variable" fees over and above this basic minimum amount increase in direct relation to
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