{"id":3723,"date":"2025-04-07T11:54:25","date_gmt":"2025-04-07T08:54:25","guid":{"rendered":"https:\/\/relinvestmentsgroup.com\/?p=3723"},"modified":"2025-04-08T12:09:19","modified_gmt":"2025-04-08T09:09:19","slug":"fca-stremitsya-peresmotret-rezhim-alternativnyh-upravlyayushhih","status":"publish","type":"post","link":"https:\/\/relinvestmentsgroup.com\/en\/fca-stremitsya-peresmotret-rezhim-alternativnyh-upravlyayushhih\/","title":{"rendered":"FCA seeks to overhaul alt manager regime"},"content":{"rendered":"<p><\/p>\n<p class=\"p1\">Policymakers aim to make it easier to enter and comply with rules in the U.K.<\/p>\n<p class=\"p1\">In an effort to boost competition and innovation in its alternative fund sector, the U.K.\u2019s Financial Conduct Authority (FCA) is proposing to overhaul and streamline its regime for alt asset managers \u2014 making it easier for firms to enter the market.<\/p>\n<p class=\"p1\">In a consultation paper published today, the FCA said it\u2019s seeking to reform the regulation of the alt fund sector to make the regime easier to understand and comply with, simpler for new entrants to join the market, and easier for existing firms to grow without needless regulatory burdens.<\/p>\n<p class=\"p1\">As part of the reform effort, policymakers are seeking to shift certain provisions governing alt managers in the U.K. from legislation into rules, and to revise those rules.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">The regulator\u2019s initiative is taking place alongside a consultation by the HM Treasury on proposed changes to the legal framework, including redrawing the regulatory perimeter \u2014 which determines the firms that must be registered and regulated \u2014 in the alt fund sector.<\/p>\n<p class=\"p1\">\u201cWe propose an approach that is proportionate to firms\u2019 size and activities, allowing for growth without sudden or undue regulatory burdens,\u201d the FCA said in the consultation paper outlining its proposals.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">As it stands, asset managers in the U.K. manage \u00a32 trillion in \u201calternative assets\u201d alongside \u00a312.3 trillion in \u201cmainstream\u201d assets, the FCA said in its paper \u2014 which also noted that, globally, private assets have tripled over the past decade.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">\u201cWe also plan to remove unnecessary regulation and reduce the administrative burden for all alt managers,\u201d the FCA said. \u201cWe want a regime that has enough flexibility to allow firms to do business across borders and is consistent with international standards.\u201d<\/p>\n<p class=\"p1\">When it comes to implementing changes, the FCA said that it intends to scrap unnecessary rules \u201crelatively quickly,\u201d while also giving firms time to adapt to other aspects of the new regime.<\/p>\n<p class=\"p1\">\u201cWe want rules better tailored to UK investment managers. These could allow them to operate more efficiently, further supporting competition, competitiveness and economic growth,\u201d said Simon Walls, interim executive director of markets at the FCA, in a release.<\/p>\n<p class=\"p1\">\u201cIt\u2019s part of our wider work to streamline the regulatory regime for asset managers, to support the continued competitiveness of our world-leading financial services as outlined in our new strategy,\u201d he added.<\/p>\n<p class=\"p1\">Indeed, the FCA noted that it is also considering various other reforms that aren\u2019t covered in today\u2019s consultation, including potential changes to the prudential rules and regulatory reporting requirements for alt managers; the rules on disclosure, distribution and marketing to retail investors; and remuneration rules.<\/p>\n<p class=\"p1\">The FCA and the Treasury are also considering creating bespoke regulatory regimes for investment trusts and for venture capital firms, it noted.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">The consultation paper is open for comment until June 9.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">\u201cSubject to feedback, and to decisions by the Treasury on the future regime,\u201d the FCA said that it plans to consult on detailed rules in the first half of 2026.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>Policymakers aim to make it easier to enter and comply with rules in the U.K. In an effort to boost competition and innovation in its alternative fund sector, the U.K.\u2019s Financial Conduct Authority (FCA) is proposing to overhaul and streamline its regime for alt asset managers \u2014 making it easier for firms to enter the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3724,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/04\/FCA-88-1140x445.webp",1140,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/04\/FCA-88-463x348.webp",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/04\/FCA-88-300x225.webp",300,225,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/04\/FCA-88.webp",1200,900,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=3723"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3723\/revisions"}],"predecessor-version":[{"id":3725,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3723\/revisions\/3725"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/3724"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=3723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=3723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=3723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}