UK AIFM proposals: Industry calls for a more proportionate approach
24.06.2025 – Articles
In April, HM Treasury and the FCA published their long-awaited Consultation and Call for Input on the future regulation of alternative investment fund managers (AIFMs) in the UK. Since then, a number of responses from industry participants have been made public, and they paint a varied picture.
While there’s general support for the idea of simplifying the rules and making them more tailored to today’s market, many in the industry have raised questions about how this will work in practice. In particular, the FCA’s proposed new three-tier framework for regulating fund managers has prompted a healthy mix of praise, pushback, and suggestions for improvement.
We previously published an analysis from Palmer’s Lyndsey Pinnington as to how the proposals misdiagnose private capital markets (read here), but below is a closer look at some of the industry feedback now coming through.