The second half of 2025 brings a fresh round of regulatory updates for UK fund managers, as the Financial Conduct Authority (FCA) revises fees for UCITS and AIF registrations.
These changes, effective from 1 July 2025, highlight the growing importance of cost management in compliance planning.
Zeidler Group, which is helping to reshape investment funds law, recently delved into the challenges of H2 for compliance.
For UCITS funds registered under the Overseas Fund Regime (OFR), the application fee for umbrella structures has increased slightly from £5,440 to £5,580, while standalone UCITS applications now cost £2,790, up from £2,720. Annual fees have also been restructured, ranging from £40 to £880 depending on the number of sub-funds. This replaces the previous range of £80 to £1,760, effectively halving the upper end but broadening the spread of charges, it said.
Managers distributing Alternative Investment Funds (AIFs) through the National Private Placement Regime (NPPR) will also face adjustments. Application fees are now set at £280 per fund, while annual fees have risen to £407.
The FCA’s revisions reflect its ongoing effort to refine cost structures while maintaining oversight across an increasingly complex fund distribution landscape.
To support this, Zeidler’s Global Knowledge Hub (GKH) has integrated the new fee structures into their regulatory intelligence offerings. With coverage across more than 80 jurisdictions, GKH equips managers with real-time insights into registration requirements, marketing regimes, and ongoing obligations, backed by an international legal team.
For more information, read the full story here.
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