Alternative investment fund managers regime reforms - a more proportionate approach?

Following Brexit, the UK retained the EU's Alternative Investment Fund Managers Directive (AIFMD) with only very minor changes. At the beginning of April, both the Treasury and the Financial Conduct Authority (FCA) announced a call for input on reforms to this regime. While the proposals are still at a very early stage, they have been generally welcomed by the industry and signal a potentially more proportionate, tailored set of rules, the application of which will vary according to the type of manager concerned. Taken in the round, the proposals are intended to simplify the regulatory f...