Feedback on proposed fees for 2026
Feedback on proposed fees for 2026 Executive summary
On 13 August 2025, we published our consultation paper on proposed fees for 2026. The consultation invited feedback on a general fee increase of 2.5% and a range of targeted changes.
We received four formal responses from industry bodies representing over 220 member firms. Stakeholders broadly welcomed the modest fee increase, noting its alignment with inflation and the importance of maintaining financial sustainability. The early publication of the consultation and the introduction of a unified fee notice were also positively received as steps toward greater transparency and administrative efficiency.
Sector-specific feedback highlighted concerns around the proposed annual fee for Alternative Investment Funds (AIFs). Reflecting on this feedback, we are not proceeding with this change and will revert to the previous fee structure for AIFs and AIFSBs.
This feedback paper also outlines two unconnected changes which will impact some Schedule 2 entities. Firstly, following feedback from industry, we are introducing a streamlined registration and associated fee structure for Schedule 2 General Partners acting for a single Limited Partnership. Secondly, in light of a recent legislative change which designates certain lenders as low-risk ‘local lenders’, these entities will move to a reduced fee regime.
The fee notice published with this feedback paper confirms our fees for 2026 will take effect from 1 January 2026. We remain committed to fair, proportionate, and transparent fee structures, and look forward to continued collaboration with stakeholders in the year ahead.