FCA to consult on amending regimes for alternative fund managers and retail funds

Three main priorities for reform

The Financial Conduct Authority has set out plans to consult on amending and re-evaluating the regimes governing alternative fund managers and retail funds next year, as well as reviewing the regulatory reporting regime in 2025.

Speaking at the Investment Association's annual dinner on Wednesday (11 October), chair Ashley Alder laid out the regulator's three main priorities for reform on the back of feedback received on its discussion paper for a post-Brexit UK asset management regime. These include making the regime for alternative fund managers more proportionate, updating the regime for retail funds and supporting technological innovation.  For alternative fund managers, the chair said the FCA had received calls from the industry to retain the core framework of the Alternative Investment Fund Managers Dire...