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To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004.

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  1. Point in time
    2005-10-20

SIFA 18.1 Fees

SIFA 18.1.1G

The FSA is an independent, non-governmental body, which is funded by levies on the financial services industry. We receive no funds from the public purse.

SIFA 18.1.2G

Broadly, we use three main types of fee to finance our activities:

  • periodic fees;
  • application fees; and
  • special project fees.

SIFA 18.1.3G

Periodic fees are paid annually, to provide most of the funding we require to undertake our statutory functions.

SIFA 18.1.4G

Application fees contribute to the cost of processing applications for authorisation or recognition, or requests for significant variations to the permission of firms that are already authorised.

SIFA 18.1.5G

Special Project fees recover part of the costs of specific regulatory activities at the request of - and on behalf of - a fee-payer, where the activity primarily benefits that fee-payer. It is unlikely that this type of fee would apply to small firms.