FCA consults on reforms to streamline the UK asset management rulebook, aiming to save the industry £128M a year through simpler reporting and a more proportionate regulatory framework

The proposals would simplify Fund Reporting for Asset Management Entities (FRAME), modernise AIFMD-related rules, and introduce a more proportionate remuneration framework, reducing regulatory burdens while improving data quality and maintaining robust regulatory standards. The reforms are intended to create a more flexible, efficient, and risk-based regime for UK asset managers…