On 31 March 2026, the Prudential Regulation Authority issued Policy Statement 8/26: Financial Services Compensation Scheme – Management Expenses Levy Limit (MELL) 2026/27 (PS8/26).
In PS8/26 the PRA provides feedback to responses it received to Consultation Paper 1/26 – Financial Services Compensation Scheme – Management Expenses Levy Limit 2026/27 (CP1/26). It also contains the PRA’s final rule for the Financial Services Compensation Scheme (FSCS) Management Expenses Levy Limit (MELL) for 2026/27.
Having considered the responses the PRA has decided to maintain the proposals as outlined in CP1/26.
Next steps
The MELL will apply from 1 April 2026, the start of the FSCS’ financial year, to 31 March 2027.