Financial Regulatory AlertExecutive Summary
HM Treasury (“HMT”) and the Financial Conduct Authority (the “FCA”) have published the proposals for a wholesale amendment of the current UK alternative investment fund managers (“AIFMs”) regime and make certain changes to the reporting and remuneration requirements applicable also to UCITS ManCos and MiFID investment firms.1 The new regime is intended to simplify rules and introduce a more proportionate three-tier regime based on the aggregate net as...
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