The Financial Conduct Authority, FCA, has published a new instrument (FOS 2023/1) entitled Fees Manual (Financial Ombudsman Service Case Fees 2023/2024) Instrument 2023. The instrument implements the fees and levies of the „Financial Ombudsman Service (FOS)“ as they apply to all financial market participants in the FCA’s financial year 2023/2024. According to the instrument, there is a de facto reduction in the voluntary jurisdiction (VJ) participants levy based upon projected reduced costs by the FOS. All other fees and levies including the case fees and the compulsory jurisdiction (CJ) levy remain unchanged.
Other Features
banks
broker
fees
financial advisors
fund management
insurance
investment firms
levies
pension funds
Date Published: 2023-03-31
Date Taking Effect: 2023-04-01
Regulatory Framework: FCA Handbook
Regulatory Type: regulation
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