On 29 May 2012, the FSA published its consolidated policy statement, which provides an overview of the FSA’s fee-raising arrangements and sets out the regulatory fees and levies for 2012/13. Consolidated Policy Statement: PS12/11.

Highlights include:

– The FSA’s annual funding requirement (AFR) of £559.8 million is 3.2% lower than the estimate consulted on in CP12/3.

– The final Solvency II special project fee (SPF) rates recovery for 2012/13 is £15 million, compared with the £25.9 million estimated in CP12/3.

– The minimum fee for authorised firms will remain at £1,000 for the third year running.