BoE fees regime for FMI supervision for 2026/27

The Bank of England (BoE) has published a policy statement confirming its fees regime for the supervision of financial market infrastructures (FMIs) for the 2026/27 fee year. Following the April consultation, the BoE has adopted its proposals as consulted on and confirmed the supervisory fees payable by central counterparties (CCPs) and central securities depositories (CSDs). The BoE's FMI levy will increase by 3% from the 2025/26 budget to GBP18 million. There is a 3.2% reduction for UK CCPs fees and an increase of 7.7% for UK CSDs compared to 2025/26. The statement also confirms an extension to the phased recovery period for costs associated with developing the UK CCP rulebook, with the 2026/27 recovery instalment remaining at GBP1.5m and any excess costs to be recovered in 2027/28. In addition, the BoE expects to begin levying supervision fees for firms participating in the Digital Securities Sandbox during the 2026/27 fee year. Invoices for FMI fees are expected to be issued before the end of August for the 2026/27 fee year.

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