On 2 May 2019, the United Kingdom Financial Conduct Authority (FCA) changed the way in which National Private Placement Regime (NPPR) filings are to be submitted to it. Previously, an excel spreadsheet was submitted to a designated FCA email address and payment of the filing fee could be done subsequently. Now the filing is to be made through the FCA's online portal (named Connect) and the payment of the filing fee must be done at the same time that the filing is made. Material change or de-registration notifications also need to be made via Connect.
Whilst this is not a significant change to the UK's NPPR regime or the requirements arising from it, alternative investment fund managers that plan to submit NPPR notifications should be aware of the changes to the FCA's filing processes. Further information is available on the FCA's dedicated NPPR webpage.