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UK financial sector to pay levy to FSCS compensation program

( March 28, 2025, 16:03 GMT | Official Statement) -- MLex Summary: The UK financial sector will pay a levy of 108.6 million pounds (around $140 million) to the Financial Services Compensation Scheme, the Prudential Regulation Authority confirmed today after running a consultation. The PRA also noted that the FSCS might underspend its current budget, meaning that a part of the levy could be offset for the relevant class of regulated firms.Policy is attached....

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