PRA plans internal model approval charges

The Prudential Regulation Authority said it wants to introduce a
fee for full and partial internal model approvals under Solvency
II.
In a consultation about planned fees and levies, the UK
regulator proposed introducing a fee of between £80,000
($99,972) and £268,000 for full and partial internal model
approvals under Solvency II.
The costs of those approvals were previously absorbed by the
organisation's Solvency II implementation budget, which was
last charged in the fiscal year e