FCA: Streamlined Rules to Save Fund Managers £128m a Year

FCA proposes simplifying reporting for private market funds

The UK Financial Conduct Authority (FCA) has launched a consultation with proposals to alter the Alternative Investment Fund Managers Directive (AIFMD) and Fund Reporting for Asset Management Entities (FRAME) requirements. “With a sharp focus on proportionality, we can particularly boost freedom for smaller firms to find new ways to achieve the same high standards,” said […] The post FCA proposes simplifying reporting for private market funds ap…

FCA proposes tailoring reporting regimes to save asset managers £128m

The FCA is consulting on a new framework to streamline the reporting requirements for different fund types. The Fund Reporting for Asset Management Entities (FRAME) would increase the quality and consistency of data reported to the FCA by asset managers, the regulator said and is part of a package of reforms that will make reporting requirements more proportionate and reduce costs by £128m. Under FRAME, current fund reporting requirements would …

FCA proposes streamlined rulebook to save asset managers £128m a year

The suggested reform package would simplify AIFMD-related rules from 2013; the move would "particularly boost freedom for smaller firms to find new ways to achieve the same high standards", said FCA markets director.

FCA and Treasury publish landmark consultation on AIFMD rules

Recent announcements from the FCA and Treasury on reforms to the rules surrounding alternative investment funds (AIFs) have been welcomed by industry experts after years of debate. Earlier today (14 July) the FCA released its consultation paper on the current UK Alternative Investment Fund Managers (AIFM) regime, following years of industry backlash over the complicated and unclear regulations. In its report, the FCA noted many of the rules surr…

FCA proposes rulebook reform to cut costs for asset managers

The Financial Conduct Authority (FCA) has proposed various reforms that would tailor requirements proportionately for asset managers, cut costs for firms and improve data to supervise the sector more effectively. The FCA anticipates that these reforms will save asset managers £128m annually, primarily from simpler… The post FCA proposes rulebook reform to cut costs for asset managers appeared first on Money Marketing.

FCA: Streamlined Rules to Save Fund Managers £128m a Year

The FCA has proposed a package of reforms that would tailor requirements proportionately for asset managers, cut costs for firms and give better data to supervise the sector more effectively. A large share of the £128m-a-year savings are expected to come from simpler Fund Reporting for Asset Management Entities (FRAME) requirements. These would be tailored to the specific circumstances of UK industry, delivering better data to make regulation mo…