How often does FSCS raise levies?
The FSCS operates on a ‘pay-as-you-go’ basis, and raises levies to cover the projected annual costs of the Scheme. It normally undertakes a levy process once every financial year, although further levies can be raised if costs exceed those anticipated. We (the FSA) act as the levy collection agent for the FSCS. For 2007/08 levies, we will send invoices from June 2007, in line with the planned timetable in CP07/3 – Regulatory fees and levies 2007/08.
The FSCS operates on a ‘pay-as-you-go’ basis, and raises levies to cover the projected annual costs of the Scheme. It normally undertakes a levy process once every financial year, although further levies can be raised if costs exceed those anticipated. We (the FSA) act as the levy collection agent for the FSCS. For 2006/07 levies, we will send invoices from June 2006, in line with the planned timetable in CP06/2: Regulatory fees and levies 2006/07.
