Funds & Asset Management

On 8 October 2026, the Financial Conduct Authority (FCA) published a consultation paper in relation to fair redemption terms for authorised funds investing in illiquid assets (CP26/35).

Background

The FCA sets out that it has worked with the International Organization of Securities Commissions and the Financial Stability Board to develop new…

On 30 September 2026, the Australian Securities and Investments Commission (ASIC) issued ASIC Corporations (Managed Discretionary Account Services) Instrument 2026/720 which replaces ASIC Corporations (Managed Discretionary Account Services) Instrument 2016/968.

ASIC Instrument 2026/720 does not substantively change the terms of the relief for managed discretionary account (MDA) providers and external MDA…

This podcast mini-series on the ‘UK Asset Management Framework Reforms’ examines the FCA’s highly anticipated consultation papers published on July 14, 2026, setting out a proposed a package of reforms intended to tailor requirements more proportionately for asset managers. This podcast in the series focuses on further proposals in CP26/28, in particular the FCA’s discussion…

On 28 September 2026, the Australian Securities and Investments Commission (ASIC) announced that it had remade six legislative instruments that provide relief around managed investment schemes including ASIC Corporations (Attribution Managed Investment Trusts) Instrument 2026/726. The instruments that were made were expiring on 1 October 2026. Earlier this year ASIC consulted on a…

This podcast mini-series on the ‘UK Asset Management Framework Reforms’ examines the FCA’s highly anticipated consultation papers published on 14 July 2026, setting out a proposed package of reforms intended to tailor requirements more proportionately for asset managers. This podcast in the series focuses on chapter 6 of CP26/28 which covers risk management.

Listen to the…

This podcast mini-series on the ‘UK Asset Management Framework Reforms’ examines the FCA’s highly anticipated consultation papers published on 14 July 2026, setting out a proposed package of reforms intended to tailor requirements more proportionately for asset managers. This podcast in the series focuses on chapter 7 of CP26/28 which covers liquidity risk management.

Listen…

This podcast mini-series on the ‘UK Asset Management Framework Reforms’ examines the FCA’s highly anticipated consultation papers published on 14 July 2026, setting out a proposed package of reforms intended to tailor requirements more proportionately for asset managers. This podcast in the series focuses on two chapters of CP26/28, chapter 11 (closed-ended investment funds trading…