The Prudential Regulation Authority has published its final policy on regulated fees and levies for 2026/27, setting the fee rates needed to meet its Annual Funding Requirement for the fee year from 1 March 2026 to 28 February 2027 and amending the Fees Part of the PRA Rulebook. The PRA’s Total Funding Requirement is GBP 345.3 million, which is GBP 1.3 million, or 0.4%, lower than the provisional figure consulted on in CP7/26 and GBP 4.9 million, or 1.4%, lower than in 2025/26. The Annual Funding Requirement fell by GBP 0.1 million from the consultation proposal to GBP 329.2 million. A GBP 1.3 million reduction in the workforce adjustment budget was largely offset by a GBP 1.2 million increase to reflect lower than expected model maintenance fee income after correcting an earlier allocation error that had led to an overpayment by one fee payer. Final fee rates are broadly unchanged from the draft, with the main movement in the A3 and A4 insurance blocks reflecting updated 2026/27 Solvency II tariff data. The statement also confirms changes to internal model application fees, model maintenance fees, new firm authorisation fees and the special project fee for restructuring, and introduces fees for the Securities Financing Transactions Value-at-Risk method. The PRA confirmed that the 2025/26 Annual Funding Requirement surplus of GBP 2.0 million, including GBP 1.5 million of retained penalties, and the GBP 0.5 million Future Banking Data surplus are unchanged, with the retained-penalties benefit applied across fee blocks except to firms that incurred fines. The PRA received no responses to CP7/26 and described the final changes from the consultation as minor. Annex A to the PRA Fees Amendment Instrument 2026 takes effect on 13 July 2026 and Annex B takes effect on 1 January 2027.
Prudential Regulation Authority2026-07-08
Prudential Regulation Authority finalises 2026/27 fee rates and sets GBP 345.3 million funding requirement
The Prudential Regulation Authority has finalised its 2026/27 regulated fees and levies, setting fee rates for the 1 March 2026 to 28 February 2027 fee year and amending its Fees Rulebook. Its Total Funding Requirement is GBP 345.3 million, 0.4% below the consultation proposal, with only minor changes to the draft and new charges including Securities Financing Transactions Value-at-Risk model fees. The main amendments take effect on 13 July 2026, with further changes from 1 January 2027.