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.
