Regulated fees and levies: Rates proposals 2020/21

Prudential Regulation Authority Publishes CP4/20 Regulated fees and levies: Rates proposals 2020/21 9 April 2020 This consultation paper (CP) sets out proposals for the Prudential Regulation Authority’s (PRA) fees for 2020/21. The proposals would make amendments to the Fees Part of the PRA Rulebook (Appendix 1 and 2), and Supervisory Statement (SS) 3/16 ‘Fees: PRA approach and application’ (Appendix 3). The proposals include: the fee rates to meet the PRA’s 2020/21 Annual Funding Requirement (AFR); updating the hourly rates for special project fees for restructuring to reflect current PRA costs; simplifying the variation of permission regulatory transaction fees; setting out how the PRA intends to distribute a surplus from the 2019/20 AFR; and  how the PRA intends to distribute the retained penalties for 2019/20.