The FCA published on 20 February 2023 a discussion paper (DP23/2) exploring how it might improve UK asset management regulation and modernise the regime. The DP focuses on areas of the current regulatory regime where reforms may be needed to improve outcomes for markets and consumers, as well as supporting the UK’s position as a global centre for asset management. These areas include the structure of the regime, how it works, and responding to technology-related developments.
Download this At a glance to see our summary of the FCA’s discussion paper and what it means for asset management firms.