Written Question·Treasury·UIN 18669

Financial Conduct Authority: Fees and Charges

Tabled: 14 July 2026

Answered: 20 July 2026

Question

Andrew Bowie

Conservative — West Aberdeenshire and Kincardine

To ask the Chancellor of the Exchequer, what assessment she has made of the potential merits of ringfencing funding Financial Conduct Authority receives in fees from law firms for supervision of the legal sector.

Answer

Rachel Blake

The Government consulted extensively on reform of the anti-money laundering and counter-terrorist financing (AML/CTF) supervision regime, including with representatives of the legal sector from across the UK. The Financial Conduct Authority (FCA) is well ...

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