The FSA’s annual funding requirement for 2010/11 has been confirmed as £454.7 million, up from £413.8 million in 2009/10.

However, despite a 9.9% increase overall, the FSA says the introduction of a “fairer and more transparent”” fee structure means 60% of firms will actually pay less. The increased cost of intensive supervision will be levied on those firms whose size and impact require the most regulation from the FSA.