Travers Smith's Alternative Insights: UK AIFMD Review – the FCA misses its shot

Reform in name only: The FCA's proposals recycle large portions of EU-derived rules into new British ones. For larger managers, the regulatory burden will feel much the same.Small managers, bigger burden: The firms the reforms claim to help — smaller managers and new market entrants — may face more rules, as they will fall within a detailed regulatory framework for the first time.A missed strategic opportunity: Brexit was a chance to design a competitive, ground-up framework for asset management to attract international businesses to the UK, but the FCA has failed to seize it.Links:quarterly-statistical-release-q1-2026.pdfCP26/28: The UK AIFM Regimequarterly-statistical-release-q1-2026.pdf