CSCS Announces Major Fee Overhaul for 2026

The Central Securities Clearing System (CSCS) has introduced a sweeping overhaul of its fee structure, effective from 2026, which has sparked varied reactions among capital market stakeholders. The changes include a sharp increase in fees across multiple service lines and a shift towards an asset-based pricing model.

Mr. Shehu Shantali, Managing Director and Chief Executive Officer of CSCS, stated that the fee review is a response to current economic realities, although core fees will remain unchanged.

The overhaul primarily affects a select group of previously underpriced services, which will now incur charges where they were previously offered at no cost. Stakeholders have expressed concerns regarding the affordability for investors and the potential impact on market participation, especially among domestic retail investors.

The new fee structure includes the introduction of joint accounts, premium investor tiers, and expanded data services. The CSCS aims to improve investor experience and strengthen market resilience while ensuring compliance with the new structure.