As 2025 draws to a close, fund managers are facing a fast-changing regulatory landscape for cross-border fund distribution. Keeping pace with these developments is essential to remain compliant, manage operational costs, and maintain efficient access to multiple markets.
To support investment professionals in this task, Zeidler Group’s Global Knowledge Hub (GKH) continues to provide monthly updates featuring the latest legal and regulatory insights for the investment management sector. The most recent update covers a broad range of jurisdictions across Europe and Latin America, detailing new fee schedules, procedural simplifications, and investment restrictions.
In Jersey, the regulator has released the 2026 fee schedule, confirming that from next year, the annual application fee for a public offering will be set at £703.
In Norway, the regulatory authority has implemented a significant fee reform for UCITS and alternative investment funds (AIFs). Effective 30 September 2025, notification fees for UCITS and AIFs under Article 32 of the AIFMD have been scrapped.
This means UCITS notifications under Article 93 of the UCITS Directive, as well as those for AIFs and ELTIFs marketed under the EEA passporting framework, will no longer incur charges. However, certain fees remain for non-EEA AIFs, including NOK 15,000 for non-EEA AIFMs targeting professional investors under Article 42 of the AIFMD, and NOK 8,000 for non-Norwegian EEA AIFMs marketing non-EEA or feeder AIFs. In addition, authorised non-Norwegian AIFMs may face an annual charge of up to NOK 10,000.
Poland has also simplified its cross-border fund procedures. Regulators have confirmed that fund managers no longer need to submit the marketing memorandum or the Additional Investor Information Document (AIID) as part of the UCITS Directive Article 93 notification process.
Further south, Chile’s financial authority (CCR) has introduced Resolutions No. 60 and 61, which reshape the approval and investment rules for foreign instruments. Under Resolution No. 60, investment funds must have a minimum of five unrelated investors, with no single investor or related group holding more than 35%. For mutual funds, this threshold is 25%, except where specific exemptions are granted.
Resolution No. 61 stipulates that at least 80% of an investment fund’s portfolio must be allocated to instruments traded on regulated markets, with a 5% limit on exposure to unapproved private equity or private debt vehicles.
Taken together, these developments underline the growing complexity of managing cross-border fund operations. Even small adjustments to fee structures or documentation requirements can have a considerable impact on compliance planning and market entry strategies.
For investment managers seeking to stay compliant, tools like the Global Knowledge Hub offer a vital resource. The platform delivers up-to-date, expert-curated guidance across more than 80 jurisdictions, helping firms navigate shifting regulatory landscapes and turn complex requirements into practical, actionable steps.
For more insights, read the full story here.
Read the daily FinTech news
Copyright © 2025 FinTech Global
Copyright © 2018 RegTech Analyst
