City Watchdog Eyes Rules Overhaul for UK Asset Managers

City watchdog eyes rules overhaul for UK asset managers

The UK’s financial watchdog has proposed a host of reforms aimed at simplifying reporting for asset managers and end industry confusion over complicated regulations. The Financial Conduct Authority (FCA) said the modernisation of the rules will tailor requirements for asset managers, cut costs for firms and provide better data for the sector, saving managers £128m a year. It confirmed the majority of savings are expected to come from a recommend…

FCA publishes three consultation papers in relation to asset management regulatory reform

On 14 July 2026, the Financial Conduct Authority (FCA) published three consultation papers setting out a proposed a package of reforms that is intended to tailor requirements proportionately for asset managers, cut costs for firms and give better data to supervise the sector more effectively.BackgroundThese consultation papers accompany HM Treasury’s (HMT) parallel consultation on changes to UK legislation, noting that much of the current UK ass…

Asset managers to see savings from FCA reform

The asset management industry stands to save approximately £128 million per year in compliance costs from streamlining data reporting requirements, among other reforms proposed by the U.K.’s Financial Conduct Authority (FCA). The regulator issued a trio of consultation papers on Tuesday that set out proposals for revising various rules in the asset management sector. They included proposals to simplify fund reporting requirements, launch an upda…

FCA proposes simplifying reporting for private market funds

The UK Financial Conduct Authority (FCA) has launched a consultation with proposals to alter the Alternative Investment Fund Managers Directive (AIFMD) and Fund Reporting for Asset Management Entities (FRAME) requirements. “With a sharp focus on proportionality, we can particularly boost freedom for smaller firms to find new ways to achieve the same high standards,” said […] The post FCA proposes simplifying reporting for private market funds ap…

FCA proposes tailoring reporting regimes to save asset managers £128m

The FCA is consulting on a new framework to streamline the reporting requirements for different fund types. The Fund Reporting for Asset Management Entities (FRAME) would increase the quality and consistency of data reported to the FCA by asset managers, the regulator said and is part of a package of reforms that will make reporting requirements more proportionate and reduce costs by £128m. Under FRAME, current fund reporting requirements would …

FCA proposes streamlined rulebook to save asset managers £128m a year

The suggested reform package would simplify AIFMD-related rules from 2013; the move would "particularly boost freedom for smaller firms to find new ways to achieve the same high standards", said FCA markets director.