UK regulators consult on reduced FSCS levy limit

The Financial Conduct Authority (FCA) and the Prudential
Regulation Authority (PRA) have launched a consultation into a
reduced management levy limit for the Financial Services
Compensation Scheme (FSCS).
The UK regulators said today (19 January) that the proposed
management expenses levy limit would be set at £74.4mn for
2015/16, down 7 percent from the previous year.
The figure consists of a minimum levy of £69.1mn - down 7.4
percent from 2014/15 - to cover staff and building costs,