BROKERS will face higher Financial Conduct Authority (FCA) fees from this month when invoices will start appearing from the regulatory body.

In particular, the consumer credit fees for regulated business goes up to a minimum of £1151, while business principals with Appointed Representatives (ARs) will have to pay a much higher figure of £250 for each AR on their books.

The changes come despite representations from the BVRLA on the original consultation, which appear to have fallen on deaf ears.

You can view the latest FCA fees and levies here.

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