FCA issues guidance to GI firms on FSCS fee tariff data submissions

The FCA is once again asking firms for the information it needs to calculate levies for the Financial Services Compensation Scheme (FSCS).

The regulator has issued a guidance document on the data firms need to include in their fee tariff data submissions.

This applies to firms allocated to FSCS class 1 category 1 – General insurance distribution (CLGID-1), which replaced FCSC class SB02 – general insurance intermediation with the introduction of new funding classes and categories in April 2019.

The guidance includes links to the relevant parts of the FCA Handbook to help firms complete the form.

If you would like to know more about submitting your fee tariff data – or any other compliance related issue – you can contact our expert team on 01925 765777, or email us at info@ukgigroup.com.

UKGI is a trading style of UKGI Limited and UKGI Services Limited which are wholly owned subsidiaries within UKGI Group Ltd. UKGI Limited acts in compliance services and UKGI Services Limited acts in support services. UKGI Services Limited is a wholly owned subsidiary of Total Broker Solutions Limited, which is an appointed representative of Resolution Compliance Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) under reference number 421154. UKGI Limited Registered in England No. 03544014. UKGI Services Limited registered in England No. 04953835. All Registered Offices Number 22 Mount Ephraim, Tunbridge Wells, England TN4 8AS. VAT registration number 347 2664 82.