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What ‘clean breaks’ were actually calculated for each of the contribution groups and how has it impacted on the FSCS levy firms will actually pay?

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What ‘clean breaks’ were actually calculated for each of the contribution groups and how has it impacted on the FSCS levy firms will actually pay?

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The clean break exercise will not be completed until the end of May and the respective adjustment will be issued to firms as part of the FSA’s normal invoicing cycle. FSA would then include this firm-specific credit or debit with that firm’s annual consolidated fees and levies invoice, in a way that is clearly identifiable.

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