Commission consults on fees for 20157th August 2014
The Commission today launches a Consultation Paper on its proposals for the 2015 licence fees paid by firms. The consultation period will close on Friday 19 September 2014.
Other than in respect of anomalies, the Commission is proposing that fees for all sectors should be increased by an average of 1.33%.
With regard to anomalies, the Consultation Paper proposes the implementation of the second year of a two-year approach which is aimed at providing some rebalancing where the cost of supervision of certain firms in the banking, insurance and fiduciary sectors, has moved materially out of line with their associated fees.
The blended rate of increase including all anomalies is 2%.
A spokesman said:
“The Commission’s Chairman, Cees Schrauwers, has previously articulated the Commission’s commitment to increase fees by no more than 2% per annum for three years. These proposals show that the Commission has delivered on that commitment while at the same time demonstrating a continued focus on cost control.”
Click link below to the consultation paper on fee rate proposal: