Regulatory Alerts2026-07-13
Added · Updated
CP26/26: Fund Reporting for Asset Management Entities (FRAME)
The Financial Conduct Authority proposes replacing current fund reporting requirements with a new framework called FRAME, designed to consolidate forms and align obligations with the risk profile of the fund. Reporting duties are split into Essential requirements for funds under £500 million and Enhanced requirements for those at or above that threshold, applying to UK AIFMs, UCITS managers, and operators of overseas funds. The proposals introduce quarterly reporting for hedge funds and authorised funds, annual reporting for other types, and new data collection on fund holdings and private market activities. Implementation is targeted for 2028, with a consultation deadline of 22 September 2026.
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