Venture capital and alternative investment fund managers can expect regulation to be reformed next year by the Financial Conduct Authority (FCA), as part of its package of pro-growth measures.
As part of the regulator's bid to streamline the sector and cut red tape, it will overhaul the alternative investment fund managers (AIFM) regime inherited from the European Union in 2013. These rules govern alternative investment managers such as hedge funds, private equity, private credit, venture capital, infrastructure, and real estate funds. The regulator published a Call for Input in April 2025, and PA's sister title Investment Week understands that the FCA will consult on detailed rules by mid-2026. In a letter on Tuesday (9 December) from FCA CEO Nikhil Rathi to prime min...
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