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The FCA Discusses the Future Framework of Asset Management Regulation
March 23, 2023Under the Future Regulatory Framework (the legislative structure for a post-Brexit UK regulatory system proposed under the Financial Services and Markets Bill currently before Parliament) the UK’s Financial Conduct Authority (“FCA”) is going to become responsible for retained European laws that set requirements for firms. In a Discussion Paper on “Updating and improving the UK regime for asset management” (“DP23/2”) it is taking the opportunity to discuss and eventually consult on modernisations and revisions to the regulatory framework around the asset management industry, in particular those that are necessary to recognise the substantial and rapid changes technology has brought.
