PARLIAMENTARY WRITTEN QUESTION
Financial Conduct Authority: Fees and Charges (8 October 2020)
Question Asked
To ask the Chancellor of the Exchequer, if he will launch a review into Financial Conduct Authority regulator fees.
Asked by:
Charlotte Nichols (Labour)
Asked by:
Charlotte Nichols (Labour)
Answer
The Financial Conduct Authority (FCA) are responsible for setting the regulatory fees for industry and recently consulted on their fees for 2020-21. A response to the consultation can be found on the FCA’s website. The FCA operates independently within the statutory framework agreed by Parliament. The Government therefore has no role in the FCA’s budgeting or setting of their fees.
Answered by:
John Glen (Conservative)
15 October 2020
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