On 28 March 2025, the Prudential Regulation Authority issued Policy Statement 4/25: Financial Services Compensation Scheme (FSCS) Management Expenses Levy Limit (MELL) 2025/26 (PS4/25). In PS4/25 the PRA sets out, in Appendix 2, its final rules for the FSCS MELL for 2025/26. The MELL will apply from 1 April 2025, the start of the FSCS’ financial year, to 31 March 2026.