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FSA sets up invoice system on internet

The FSA is introducing an online system which allows firms to access their regulatory fee accounts via a web browser.

The regulator’s online invoicing application will hold details of regulatory invoices, credit notes and payments over the last three years.

Companies using the system will be notified by email when invoices and credit notes are issued.

The system will also allow firms to dispute invoices online and receive email responses from the FSA’s revenue operations team.

The FSA has piloted the system with a small number of authorised firms, who reported that the application provided useful fees information and should be helpful for other firms.

The FSA says: “Having received positive feedback from a pilot exercise involving a small number of firms, the phased rollout of the online invoicing application is now under way. We have already invited 4,000 authorised firms to register and over the next two to three months we will be emailing all the other authorised firms to give them the opportunity to register for the application.”

Firms can register for online invoicing through the regulator’s website.

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