Fee year and consultation timetable


The PRA consults annually on fee rates with the publication of a consultation paper (CP). Feedback on the proposals in the CP is then published in a policy statement (PS), together with the final rule‐making instrument and any agreed policy.


The PRA’s fee year is twelve months from 1 March to the end of February in the following year. New fee rates take effect from 1 March in each year.


Where significant policy changes are envisaged, the PRA may consult on these separately. This normally happens in the summer or autumn preceding the start of the fee year in which they are intended to take effect.