United Kingdom: Fund Management/ REITs

The Financial Conduct Authority has released CP26/26, proposing a comprehensive transformation of how UK and third-country alternative asset managers report fund information through a new regime called FRAME (Fund Reporting for Asset Management Entities). The consultation introduces size-based thresholds, revised reporting frequencies, and tailored requirements for different fund categories including hedge funds, private market funds, and third-country managers.

The UK is overhauling its alternative investment fund manager regulation with a new three-tier system that promises more proportionate oversight based on firm size and risk. The Financial Conduct Authority's consultation proposes significant changes to valuation, leverage, risk management, and disclosure requirements, while HM Treasury's draft legislation clarifies the scope of AIFs and raises thresholds substantially. These long-awaited reforms aim to modernize outdated EU-derived rules and reduce administ

The UK Financial Conduct Authority has published proposals for reforming the remuneration framework for UK solo-regulated firms, introducing greater flexibility and proportionality to how staff compensation is regulated in UK asset managers. The consultation, open until September 2026, presents coherent and proportionate reforms that could significantly impact remuneration regulation if adopted in final rules expected in Q1 2027.