Updating and Improving the UK Regime for Asset Management: PLSA response to the FCA Discussion Paper

Under the Future Regulatory Framework (FRF), the Government has proposed making the FCA responsible for retained EU laws that set requirements for asset management firms, which means the FCA will need to decide whether its rules should in future copy those requirements.

In February, the Financial Conduct Authority’s published a discussion paper on Updating and improving the UK regime for asset management, aiming to get a broad range of views about the current UK regime for regulating funds and asset managers. 

It sets out some ideas about how the FCA might modernise this regime to improve outcomes for UK markets and consumers, and to support the UK’s position as a world-leading centre for asset management.