On 8 May 2025, the Financial Conduct Authority (FCA) published the findings from its review of business models for smaller asset managers and alternatives.
Background
The FCA carried out the review as part of its plans to focus on smaller firms to identify business models that pose greater risks of harm to
On 30 April 2025, the Financial Conduct Authority (FCA) updated its webpage for consultation paper CP24/8 on extending the Sustainability Disclosure Requirements (SDR) and investment labels regime to portfolio management.
Background
The FCA has previously published a consultation paper, CP22/20, and subsequent policy statement PS23/16 which introduced a package of
In the latest episode of our Let’s talk asset management series, Hannah Meakin, Lucy Dodson and Simon Lovegrove discuss the recent papers issued by HM Treasury and the Financial Conduct Authority to streamline the regulatory framework for the alternative investment management sector to promote economic growth.
Listen to our podcast here.
On 7 April 2025, HM Treasury (HMT) issued a consultation paper, Regulations for Alternative Investment Fund Managers.
Background
The consultation paper follows the commitment that the Prime Minister made last month to cut the administrative cost of regulation on business by a quarter. It sets out the Government’s proposed approach for a
On 7 April 2025, the Financial Conduct Authority (FCA) issued a Call for Input, Future regulation of alternative fund managers.
Background
The Call for Input follows a Discussion Paper that the FCA published in 2023, DP23/2: Updating and improving the UK regime for asset management. Among other things respondents to DP23/2
Increased regulatory burdens on asset management businesses have resulted in additional cost pressures. However, regulation has also required more pricing transparency, which has led to an increasingly competitive market, with investors demanding either ultra-low cost or increasingly bespoke investment solutions.
For our thoughts on this, please see our new briefing here.
In this latest episode of our podcast series, Let’s talk asset management, Hannah Meakin, Lucy Dodson and Simon Lovegrove discuss the UK Financial Conduct Authority’s recent guidance on its expectations for authorised fund applications made by firms for collective investment schemes to be authorised as authorised unit trusts, authorised contractual schemes and authorised open-ended investment
On 26 February 2025, the Unauthorised Co-ownership Alternative Investment Funds (Reserved Investor Fund) Regulations 2025 (the Regulations) were laid before Parliament and published on legislation.gov.uk, along with an explanatory memorandum.
The Regulations are intended to support the Government’s introduction of the Reserved Investor Fund, which will be a new type of UK-based investment
On 14 February 2025, the Financial Conduct Authority (FCA) published a new document, Authorised fund applications – our expectations.
The document sets out the FCA’s expectations, including useful information on the application process and the level of detail to be provided, for firms applying for collective investment schemes to be authorised as
On 9 January 2025, the Financial Services and Markets Act 2000 (Collective Investment Schemes) (Amendment) Order 2025 (the Order) was laid before Parliament and published, along with an explanatory memorandum.
The purpose of the Order is to ensure that arrangements for qualifying cryptoasset staking do not amount to a collective investment scheme