The Bank of England has launched a consultation on 2026/27 supervisory fees for recognized payment systems and specified service providers. It proposes category 1, 2 and 3 annual fees of GBP 760,000, GBP 440,000 and GBP 150,000 under the existing statutory cap. If HM Treasury’s proposed GBP 1.7 million cap receives parliamentary approval, the corresponding full-year amounts would be GBP 1.03 million, GBP 590,000 and GBP 200,000. The Bank will apply the three-category fee structure signaled in its 2025/26 consultation, using a 1.75:1.00:0.33 ratio that aligns payment system fees with the structure for other financial market infrastructures. Category 3 covers systems capable of causing at most minor financial disruption and is intended to reflect their lower supervisory intensity. Proposed special project hourly rates range from GBP 70 for administrators to GBP 430 for senior personnel, while overseas payment systems may receive case-specific reductions where reliance on home authority supervision materially lowers the Bank’s costs. Final fees will be confirmed after HM Treasury completes its process. Any higher cap taking effect during 2026/27 would be applied proportionately for the remainder of the fee year, with invoices due between December 2026 and February 2027. The revised regime could later cover recognized digital settlement asset service providers and their specified service providers, but no fees are being set for those entities because none are currently recognized or specified.
2026-09-22Bank of England
Bank of England consults on 2026/27 payment system supervisory fees under potential GBP 1.7 million statutory cap
The Bank of England is consulting on 2026/27 supervisory fees for recognized payment systems and specified service providers, ranging from GBP 150,000 to GBP 760,000 under the existing cap. Full-year fees could rise to between GBP 200,000 and GBP 1.03 million if HM Treasury’s proposed GBP 1.7 million statutory cap is approved. A new third category will apply lower fees to less systemic systems, using the same three-tier ratio as other financial market infrastructures.