The FSA has finalised an instalments plan for payment of regulatory fees.
The regulator has liaised extensively with an industry working group to secure “significantly favourable terms for the industry with reduced rates compared to last year and with a guaranteed automatic acceptance to all FSA authorised firms”, according to Graeme Ashley-Fenn, FSA director of contact, revenue and information management.
The working group has chosen Premium Credit Limited as the preferred supplier as its terms and conditions were by far the most favourable and it has proved that it can run such a scheme extremely efficiently.
Alternatively, firms can make their own arrangements directly through other credit providers.
