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FCA clarifies that managing general agents are not part of special fee block

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Published on: 04 May 2021
Published by LNB News

LNB News 04/05/2021

Document Information

Issue Date: 04 May 2021

Published Date: 04 May 2021

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Financial Conduct Authority (FCA) has clarified that managing general agents (MGA) are not part of the fee block which is expected to pay a £7.5m special fee in 2021/22 after its initial consultation paper stated that they were.

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Jurisdiction(s):
England, Northern Ireland, Scotland and Wales

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