The GFSC have launched their consultation paper on proposals for increasing the license fees paid by firms. The consultation will end of 8 September. The consultation is available here.
The changes to fees proposed by the consultation are:
- 10.1% overall fee increase across all sectors
- A restructuring fee for the investment sector
- Creating a cap for pension scheme fees
- Changes arising from the update to most of the sectors’ laws following the Revision of Laws project
A link to the source article can be found here.