Bank of England: The PRA Rulebook - Fees

26 October 2015

This consultation paper sets out the Prudential Regulation Authority’s proposals to redraft the FEES module of the Handbook to conform to the Rulebook style.

The aim of this consultation is to effect the Rulebook transposition in relation to fees, not to alter the rates of fees or methods of calculation. Fee rates shown in the draft rule instrument are those in force at the date of the CP (i.e. for the 2015/16 fee year) which will still be in force when the new rules take effect. Fee rates for 2016/17 will be subject to separate consultation in Spring 2016. 

The PRA intends to replace the rules and guidance set out in the FEES module of the Handbook with a new Fees Part of the PRA Rulebook. The PRA’s approach has been to divide the existing Handbook material into five topic-based chapters as follows (Handbook sections in brackets):

• Chapter 1 Application and definitions [FEES 1];
• Chapter 2 Obligation to pay fees [FEES 2];
• Chapter 3 Periodic Fees, with Periodic Fees Schedule [FEES 4];
• Chapter 4 Regulatory Transaction fees [FEES 3 other than Annex 9]; and
• Chapter 5 Special project fee for restructuring [FEES 3 Annex 9].

The appendices to this CP include:

• Appendix 1 – draft Supervisory Statement ‘Fees: PRA approach and application’
• Appendix 2 – draft instrument: Fees Part of the Rulebook
• Appendix 3 – draft instrument: consequentials

This consultation closes on Tuesday 29 December 2015.

Full news

Consultation paper

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