FCA and PRA require 15% extra funding for 2013/14
The Financial Conduct Authority and the Prudential Regulation Authority have requested a 15% increase in their annual funding requirement for 2013/14.
Both new agencies' AFR total £646.3m - up 15% on the FSA's AFR of £559.8m for 2012/13.
The FCA AFR stands at £432.1m while the PRA requires £214.2m for their 2013/14 operation.
The 15% rise in total
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