On 11 October 2023, Ashley Alder, Chair of the FCA, delivered a speech on the FCA’s priorities for updating and improving the UK regulatory regime for asset managers. Covering a number of interesting angles, the speech sets out a sketch of the FCA’s vision for the UK asset management regime going forward, and includes some helpful clarity for the industry about the direction of regulatory reform. The speech highlights in particular the following priorities for reform:
- ensuring a more proportionate approach to the regulation of AIFMs;
- updating the retail funds regime; and
- supporting technological innovation in the sector.
Click here to read the full alert.