This consultation paper sets out further details on the proposal to introduce a new funding structure for the supervision of financial market infrastructure, including the fee levels for 2018/2019.
The Bank committed to consulting on levying fees for the supervision of financial market infrastructures in its response to the Independent Evaluation Office’s review of Financial Market Infrastructure (FMI) supervision published in February 2017.
The Bank initially consulted in August 2017 on the broad approach to levying fees for the supervision of FMIs.
Following the 2017 consultation and consideration of the responses received, the Bank has decided to progress with developing a fee-charging regime.
This consultation covers three areas:
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the Bank’s feedback to the responses to the 2017 consultation paper;
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the detail of the proposed fee levying regime, building on the proposals set out in the 2017 consultation paper; and
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a consultation by HMT covering their statutory instrument (SI) which will set out the scale of fees to which fees levied on recognised payment systems and specified service providers must relate.
This consultation closes on 9 May 2018.
Consultation paper
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