National private placement regime (NPPR)

AIFMs marketing AIFs under regulations 58, 59 and, for UK AIFMs only, regulation 57, need to submit their notifications using our online system, Connect[2].

For help with Connect notifications, please refer to our Guidance on National Private Placement Regime (NPPR) Connect notifications[3].

AIFMs, or representatives of the AIFM, who submitted NPPR marketing or material change notifications before the 9 September 2020, will need to call us on 0300 500 0597 from the UK, or +44 207 066 1000 from outside the UK, to be provided with an NPPR Connect Access Code.

The NPPR Connect Access Code allows the AIFM to access firm and fund information that is required to submit notifications. Note that before the NPPR Connect Access Code is generated, the caller will be required to complete a verification process. On successful verification, the NPPR Connect Access Code will be sent via email to the AIFM only.

For UK AIFM’s marketing AIFs under regulation 57, the email will be sent to the Connect NPPR contact email address.

For AIFMs marketing AIFs under regulation 58 or regulation 59, the email will be sent to the principal place of business contact email address.

For AIFMs who are submitting an NPPR marketing notification for the first time, the NPPR Connect Access Code will be emailed to the AIFM.

Once we have received the notification, the AIFM can start marketing the AIF.

You will need to pay a notification fee every time you make a new notification to us.

You can make this payment using Connect with a credit or debit card. See FEES 2.3 (Relieving Provisions)[4] for the circumstances in which the application fee may be repaid.

You must notify us of any material changes to information you previously submitted to us (including if the AIFM ceases marketing, or if it transfers management of its AIFs to another AIFM).

AIFMs marketing AIFs under regulations 58 and 59 and, for UK AIFMs only regulation 57, need to submit notifications of material changes using Connect[2].

AIFMs who have previously submitted an NPPR marketing notification, will be required to use their NPPR Connect Access Code to access their firm and fund information when submitting material changes.

AIFMs, or representatives of the AIFM, who have previously submitted NPPR marketing or material change notifications before the 9 September will need to call us on 0300 500 0597 from the UK, or +44 207 066 1000 from outside the UK, to be provided with an NPPR Connect Access Code.

The NPPR Connect Access Code allows the AIFM to access the firm and fund information required to submit notifications. Note that before the NPPR Connect Access Code is generated, the caller will be required to complete a verification process. On successful verification, the NPPR Connect Access Code will be sent via email to the AIFM only.

For UK AIFM’s marketing funds under regulation 57, the email will be sent to the Connect NPPR contact email address.

For AIFMs marketing funds under regulations 58 and 59, the email will be sent to the principal place of business contact email address.

If you have any questions regarding this, please email [email protected].

Full-scope Gibraltar AIFMs, marketing AIFs under regulation 57, need to submit their notifications using the forms below, to inform us of their initial registration and the subsequent registration of new AIFs. 

• Full-scope Gibraltar AIFM’s Marketing Funds under Regulation 57 - notification to market[5]: this form is for full-scope Gibraltar AIFMs that intend to market the following AIFs in the UK:
  • a third country AIF
  • a UK or Gibraltar AIF, which is a feeder AIF for a third country master AIF
  • a UK or Gibraltar AIF, which is a feeder AIF for a master AIFs with a third country AIFM

For help with these forms, please refer to our Guidance for Completing NPPR Notifications[6].

Completed NPPR notifications must be emailed to [email protected].

The subject line of the email should include your firm reference number (FRN) or firm name (if you do not have an FRN) followed by ‘AIFMD NPPR notification’.

To notify us of multiple funds you can use the template, but you must only submit 1 form per email, so please send multiple forms in separate emails. 

We will send an automated email to confirm that we’ve received your notification. Do not reply to this email as it is sent from an unmonitored email address. If you do not receive an automated response, you should email [email protected]. 

If we are unable to process your notification, we will tell you why and ask you to resubmit it.

Please note, firms should refer to this webpage and check that they have the latest version of the relevant form before submitting a notification, or it will not be accepted.

We will process your notification once we have confirmation that your payment has been received.

We will send you an email to confirm your notification has been processed and we will issue you with a notification number. See FEES 2.3 (Relieving Provisions)[4] for the circumstances in which the application fee may be repaid.

Find out more about AIFMD fees[7].

Credit transfers by BACS or CHAPS should be made to:

• Account Name: FCA Collection account
• Bank Name: Lloyds Bank Plc
• Account number: 00828179
• Sort code: 30-00-02
• Swift/BIC Code: LOYDGB2LCTY
• IBAN: GB68 LOYD 3000 0200 8281 79

When paying by credit transfer, please ensure that you include the fund name and the name of the AIFM. See FEES 2.3 (Relieving Provisions) for the circumstances in which the application fee may be repaid.

If you have any questions about NPPR fees, please email [email protected]. 

You must notify us of any material changes to information you previously submitted to us (including if the AIFM ceases marketing or if it transfers management of its AIFs to another AIFM).

These material changes must be notified to us using this form: 

• Full-scope Gibraltar AIFM only - regulation 57 material change[8]

For help with these forms, please refer to our Guidance for Completing NPPR Material Changes[9].

Completed NPPR material changes must be emailed to [email protected].

The subject line of the email should include your firm reference number (FRN) followed by ‘NPPR material change notification’.

You must only submit 1 material change form per email. If you are submitting more than 1 form, please send each form in a separate email. 

We will send an automated email to confirm that we have received your material change notification. Do not reply to this email as it is sent from an unmonitored email address. If you do not receive an automated response, you should email [email protected].

We will send you an email to confirm your material change has been processed and we will issue you with a notification number.

If we’re unable to process your notification of material change, we will tell you why and ask you to resubmit it.