30th March 2009
FSCS has confirmed an interim levy of �38m on investment intermediation firms for costs in 2008/09 relating to Pacific Continental Securities Ltd and Square Mile Securities Ltd.
The FSCS also announced that financial services firms will pay a general levy of �156m in 2009/10.
In addition, firms taking deposits will be expected to pay just under �406m to cover the estimated expenses to 31 March 2009 arising from the bank defaults of 2008.
For more information, please read the FSCS media release on the levy 2009/10.