Regulations
By Sydney TheCMO
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AIFMD Rules From 2013 Get a Long-Overdue Rewrite. Part of what's slowing things down is age. The Alternative Investment Fund Managers Directive…
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Remuneration Rules Head Into Consultation. There's a separate consultation running on remuneration.
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Deadlines and What Happens Next. Three consultation papers are now open. The UK Alternative Investment Fund Managers regime…
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The UK's Financial Conduct Authority wants to save asset managers £128 million a year. It's a big number, and the regulator is betting that streamlined reporting rules and a more…
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The core of the plan sits with something called FRAME — Fund Reporting for Asset Management Entities.
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Part of what's slowing things down is age. The Alternative Investment Fund Managers Directive rules — AIFMD, if you want the acronym — date back to 2013.
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Simon Walls, executive director at the FCA, put the focus squarely on proportionality. Smaller firms, per Walls, need more freedom to innovate.
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Not everyone will believe that. Skeptics tend to argue that flexibility in regulation is a polite word for gaps.
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There's a separate consultation running on remuneration. The FCA wants to consolidate what are currently overlapping remuneration codes into a single, cleaner framework.
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The goal is to cut complexity without cutting safeguards. Right now, different codes apply to different firm types, and the overlap creates confusion and administrative drag.
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See also: Dan Lavender Joins FCAs Enforcement Body as UK Financial Regulation Tightens
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It's worth noting what the FCA isn't doing here. It's not proposing to gut remuneration oversight or remove protections for clients.
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Three consultation papers are now open. The UK Alternative Investment Fund Managers regime consultation runs until October 14, 2026.
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The FCA is asking for industry feedback before anything gets finalized. That's standard practice, but it also means the proposals could shift.
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Asset management in the UK is a significant industry, and compliance costs aren't trivial. Firms spend real money on reporting infrastructure, legal review, and regulatory…
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