Consulting on its fees and levies for the year, the regulator said it will have an overall funding requirement of £578.4m, up from £500.5m in 2011/12, which is a gross increase of 15.6%.

However, the levy for the A13 advisory block – for firms which do not hold client money – has fallen by £3.4m.

This is likely to be the FSA’s final funding requirement before it splits into the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) next year, and Hector Sants, the FSA chief executive, said this explained the increase in overall funding.

“Much of the increase in the Annual Funding Requirement (AFR) is the result of the additional resources needed to implement the new regulatory structure but these costs for the restructuring are in line with government forecasts,” he said.

With the annual levy for the Financial Ombudsman Service down from £42.7m to £17.7m, firms will pay £10 per relevant approved person, instead of the £30.02 they paid this year. The minimum levy of £35 will still stand.

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Most of the funding for the Ombudsman come from case fees and it recently announced plans to introduce a supplementary case fee of £350 for cases involving the mis-selling of PPI.