Regulatory Alerts2026-07-13
Added · Updated
The UK AIFM Regime
The Financial Conduct Authority (FCA) is consulting on proposals to reform the UK's regulatory framework for Alternative Investment Fund Managers (AIFMs), aiming to enhance consumer protection and market integrity while streamlining rules to support firm growth and international operations. This includes establishing a new three-tier AIFM regime based on Net Asset Value (NAV) thresholds of £750 million and £5 billion, transferring rule-making powers from the Treasury, and requiring most currently registered AIFMs to become authorized. The consultation also introduces a new Alternative Investment Funds sourcebook (ALTS), proposes improved reporting requirements, discusses prudential reforms, and outlines a new remuneration code, with feedback due by October 2026 and implementation planned for 2028.