The PRA has published Policy Statement 28/17: PRA fees and levies: model transaction fees, fees and FSCS levies for insurers and fees for designated investment firms (PS28/17).
In PS28/17 the PRA provides feedback to Consultation Paper 16/17: PRA fees and levies: model transaction fees, fees and FSCS levies for insurers and fees for designated investment firms.
Among other things the PRA sets out final rules intended to:
- introduce a new approach for determining periodic fees for designated investment firms in the A10 fee block;
- amend an error in the rules concerning the criteria for determining model application fees under the Capital Requirements Directive (CRR);
- change the criteria for determining model application fees for designated investment firms; and
- introduce a model maintenance fee for firms with CRR models.
View Policy Statement 28/17: PRA fees and levies: model transaction fees, fees and FSCS levies for insurers and fees for designated investment firms, 8 December 2017