FSA/FSCS open letter - FSCS interim levy - Tariff issues

25th February 2011

The FSCS and FSA have written an open letter addressing some of the questions around the recent FSCS interim levy.

The letter outlines the reasons for the interim levy and how the tariff data is used to allocate the levy for, and between, firms. The letter also includes information about tariff data for the investment class and for any firms wishing to resubmit the data.

 

Jargon Buster

  • FSA

    Financial Services Authority, was previously the UK's regulator for the finance industry. It was replaced by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) on 1 April 2013.
  • Investment

    a financial product in which money can be invested to earn interest or profit (although the value of investments can go down as well as up).