Speaking in the Chair’s Report on the latest CLC Council Meeting of 28th July 2022, Dame Janet Paraskeva gave details of the CLC’s consultation on regulatory fees and fee rates.
“This year, as every year, we reviewed regulatory fees and fee rates for the next licence year that will begin on 1st November”, Paraskeva said. She continued:
“The CLC has been working very hard in recent years to ensure that the regulatory burden – both financial and administrative – on regulated individuals and firms is proportionate.
We have been especially careful to avoid fluctuations in costs that would make planning difficult for the regulated community.
Despite the high levels of general inflation, we have decided to hold all regulatory fees and fee rates at their current levels for the next year.
This of course represents a real terms cut. We have been able to achieve that through careful management of resources, a managed reduction in reserves and removing the levy for the Office for Legal Complaints (Legal Ombudsman) from our main budget treating it separately which helps give the CLC more confidence in setting the budget we need for our own work.”
She concluded by confirming that the CLC are currently consulting on their fee rate proposals: https://www.clc-uk.org/regulation/current-consultations/, adding: “I hope you will take the time to put in a response.”
