From Yahoo Finance: 2025-04-08 06:41:00

The UK’s Financial Conduct Authority (FCA) is proposing changes to its regulatory framework for alternative asset managers to promote market entry, growth, competition, and innovation. The new regime aims to be more streamlined and proportionate, supporting firms’ global operations while maintaining effective risk management practices. UK asset managers currently oversee £12.3tn in mainstream assets and £2tn in alternative assets, with private markets expanding threefold over the last decade. The FCA is considering repealing certain requirements of the Alternative Investment Fund Managers Directive (AIFMD) and introducing new rules where necessary to better tailor regulations to UK investment managers. The FCA, in collaboration with the Treasury, is exploring establishing tailored regulatory frameworks for investment trusts and venture capital firms. Stakeholders have until 9 June 2025 to provide feedback on the proposed reforms, with detailed regulations expected to be consulted on in the first half of 2026.

Read more: UK’s FCA proposes overhaul of alternative asset management regime