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      On 1 July 2025, the Financial Conduct Authority (FCA) published the Policy Statement containing FCA regulated fees and levies for the period 2025/26.

      Below is a summary of the changes for the fees levied between the period between 2024/25 and 2025/26 for foreign funds registered in the United Kingdom:

      1) Notification fees:

       2024/252025/26
      Regulations 57,58 and 59£270£280
      Section 271A - Standalone fund application fee   £2,720£2,790
      Section 271A - Umbrella fund application fee£5,440£5,580
      Section 272£10,880£11,150

       

      2) Periodic Fees:

       2024/052025/26

      National Private Placement Regime:

      a) Regulation 57

      b) Regulation 58

      c) Regulation 59

      a) £397

      b) £277

      c) £397

      a) £407

      b) £284

      c) £407

      Section 271A - Based on total funds/sub-funds aggregate:   

      • 1-2
      • 3-6
      • 7-15
      • 16-50
      • >50

      Basic fee: £80

      • £80
      • £200
      • £400
      • £880
      • £1,760

      Basic fee: £40

      • £40
      • £100
      • £200
      • £440
      • £880
      Section 272

      Basic fee: £320

      • £320
      • £800
      • £1,600
      • £3,520
      • £7,040

      Basic fee: £160

      • £160
      • £400
      • £800
      • £1,760
      • £3,520

      Our expert

      Said Fihri

      Partner, Head of Digital Assets Services

      KPMG in Luxembourg


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