FCA proposing reforms to alternative asset manager regime
07 Aoril 2025 UK
Image: stock.adobe.com/maurice norbert
The UK’s Financial Conduct Authority (FCA) is proposing reforms to its regime for alternative asset managers.
This is with the aim of making it easier for firms to enter the market, grow, compete and innovate, the authority says.
The new regime aims to encourage effective risk management, as well as uphold market integrity and market confidence.
The majority of the UK’s asset management regulation derives from EU legislation, including the alternative investment fund managers directive (AIFMD) —- which it is also considering changes to.
Simon Walls, interim executive director of markets, said: “We want rules better tailored to UK investment managers. These could allow them to operate more efficiently, further supporting competition, competitiveness and economic growth.
“It’s part of our wider work to streamline the regulatory regime for asset managers, to support the continued competitiveness of our world-leading financial services as outlined in our new strategy.”
In collaboration with the Treasury, the FCA is considering creating bespoke regimes for investment trusts and venture capital firms.
The FCA says that it wants comments on the proposals before 9 June 2025. It will then consult on detailed rules in the first half of 2026.
This is with the aim of making it easier for firms to enter the market, grow, compete and innovate, the authority says.
The new regime aims to encourage effective risk management, as well as uphold market integrity and market confidence.
The majority of the UK’s asset management regulation derives from EU legislation, including the alternative investment fund managers directive (AIFMD) —- which it is also considering changes to.
Simon Walls, interim executive director of markets, said: “We want rules better tailored to UK investment managers. These could allow them to operate more efficiently, further supporting competition, competitiveness and economic growth.
“It’s part of our wider work to streamline the regulatory regime for asset managers, to support the continued competitiveness of our world-leading financial services as outlined in our new strategy.”
In collaboration with the Treasury, the FCA is considering creating bespoke regimes for investment trusts and venture capital firms.
The FCA says that it wants comments on the proposals before 9 June 2025. It will then consult on detailed rules in the first half of 2026.
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