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UK financial firms consulted on Management Expenses Levy Limit

( January 10, 2025, 11:52 GMT | Official Statement) -- MLex Summary: UK companies regulated by the Financial Conduct Authority and the Prudential Regulation Authority can provide feedback until Feb. 7 on the Management Expenses Levy Limit, or MELL, for the Financial Services Compensation Scheme. The proposed levy for 2025-2026 is just under 108.6 million pounds. The FCA said that the MELL has decreased in real terms, given that the FSCS is absorbing some inflation costs....

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