Most funds set to see reporting reduction under latest FCA proposals

The Financial Conduct Authority's proposed framework, Fund Reporting for Asset Management Entities (FRAME), is designed to create consistency across forms to normalise reporting for firms that manage multiple types of funds while making it more straightforward for managers starting a fund or growing a smaller fund. The regulator said its proposals would reduce the reporting burden across the population of fund managers by 75%, enabling it to become "a more targeted, better informed, smarter regulator". At present, different reporting requirements across fund types produce inconsistent...