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Streamlined rulebook to save asset managers £128m a year

Дата публикации: 01-01-1970 00:00:00


The FCA has proposed a package of reforms that would tailor requirements proportionately for asset managers, cut costs for firms and give better data to supervise the sector more effectively.
A large share of the £128m-a-year savings are expected to come from simpler Fund Reporting for Asset Management Entities (FRAME) requirements. These would be tailored to the specific circumstances of UK industry, delivering better data to make regulation more efficient.The package would also modernise and simplify Alternative Investment Fund Managers Directive (AIFMD)-related rules dating from 2013.The updated rules would be fit for today’s UK market: more flexible, tailored and proportionate, while maintaining clear standards, especially for firms serving retail clients.A consultation by the regulator is also seeking to simplify remuneration rules for the relevant firms, which are ones solely regulated by the FCA, by replacing overlapping remuneration codes with a clearer, more proportionate framework, while maintaining appropriate standards and safeguards.Simon Walls, executive director, markets, at the FCA, said:'By tailoring the regime for UK asset managers, we can collect better data while also saving industry 10s of millions of pounds a year.'With a sharp focus on proportionality, we can particularly boost freedom for smaller firms to find new ways to achieve the same high standards. 'Together, the proposals are a practical example of the FCA’s strategy in action: becoming a smarter regulator, which is more efficient and effective, using proportionate data collection to better identify risk.'The FCA is consulting on the proposals and is inviting feedback before making final decisions.Notes to editorsRead more: UK Alternative Investment Fund Managers (AIFM) regime consultation paper with a deadline for input of 14 October 2026, the Solo Remuneration Rules Reform consultation paper with a deadline for input of 16 September 2026 and the Fund Reporting for Asset Management Entities (FRAME) consultation paper which has a deadline for input of 22 September 2026.The renumeration consultation covers full-scope Alternative Investment Fund Managers (AIFM), undertakings for collective investment in transferable securities (UCITS) management companies, and non-SNI MIFIDPRU investment firms.


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The FCA has proposed a package of reforms that would tailor requirements proportionately for asset managers, cut costs for firms and give better data to supervise the sector more effectively.

A large share of the £128m-a-year savings are expected to come from simpler Fund Reporting for Asset Management Entities (FRAME) requirements. These would be tailored to the specific circumstances of UK industry, delivering better data to make regulation more efficient.

The package would also modernise and simplify Alternative Investment Fund Managers Directive (AIFMD)-related rules dating from 2013.

The updated rules would be fit for today’s UK market: more flexible, tailored and proportionate, while maintaining clear standards, especially for firms serving retail clients.

A consultation by the regulator is also seeking to simplify remuneration rules for the relevant firms, which are ones solely regulated by the FCA, by replacing overlapping remuneration codes with a clearer, more proportionate framework, while maintaining appropriate standards and safeguards.

Simon Walls, executive director, markets, at the FCA, said:

'By tailoring the regime for UK asset managers, we can collect better data while also saving industry 10s of millions of pounds a year.

'With a sharp focus on proportionality, we can particularly boost freedom for smaller firms to find new ways to achieve the same high standards.  

'Together, the proposals are a practical example of the FCA’s strategy in action: becoming a smarter regulator, which is more efficient and effective, using proportionate data collection to better identify risk.'

The FCA is consulting on the proposals and is inviting feedback before making final decisions.

Notes to editors
  1. Read more: UK Alternative Investment Fund Managers (AIFM) regime consultation paper with a deadline for input of 14 October 2026, the Solo Remuneration Rules Reform consultation paper with a deadline for input of 16 September 2026 and the Fund Reporting for Asset Management Entities (FRAME) consultation paper which has a deadline for input of 22 September 2026.
  2. The renumeration consultation covers full-scope Alternative Investment Fund Managers (AIFM), undertakings for collective investment in transferable securities (UCITS) management companies, and non-SNI MIFIDPRU investment firms.

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Классификация: Экономика. Схожих патентов: 0. Схожих новостей: 10. Тональность: 0. Информативность: 5.6. Источник: www.fca.org.uk.