FIG Bulletin 15 November 2019

General

Financial Services Duty of Care Bill falls

Parliament has updated its webpage on the Financial Services Duty of Care Bill 2019-20 to indicate that the Bill will make no further progress as the 2017-19 Parliament has been dissolved.

Regulatory fees and levies policy proposals for 2020/21: FCA CP19/30

The FCA is consulting (in CP19/30) on the way it will raise FCA fees from 2020/21. Among other things, the FCA consults on:

• a proposed charge of £5,000 per year for proxy advisors;
• income as the basis for calculating periodic fees for Multi-lateral Trading Facilities, Organised Trading Facilities and Recognised Overseas Investment Exchanges;
• changes to special project fees;