CP22/7: FCA regulated fees and levies: rates proposals for 2022/23
Executive summary
AAT questions the lack of transparency provided to professional body supervisors (PBSs) concerning this consultation. OPBAS had indicated to PBSs that it would notify all PBSs, by email, to draw their attention to this year’s fees consultation. AAT has had no indication that this notification happened. In addition, AAT was also not informed by the FCA’s press office, which AAT understands was to be asked to add the PBSs to the list of stakeholders who would be notified whenever relevant consultations are published.
AAT also questions the clarity of the consultation paper. Overall, AAT contends that the consultation paper lacks transparency and does not provide sufficient information to enable the rationale behind the proposed increase in fees to be understood.
Related consultation responses
Improving the effectiveness of the Money Laundering Regualtions
AAT supports the Government’s drive to combat money laundering and terrorist financing and to ensure that UK businesses are appropriately supported.
Spring Budget 2024 representation
This representation ahead of the March 2024 Spring Budget sets out AAT’s policy position on tax, professional standards, support for SMEs and late payments.
Reforming anti-money laundering and counter-terrorism financing supervision
AAT contends that the OPBAS+ model is the most suitable option and would result in a demonstrable improvement in the sector.
