AIMA Regulatory Horizon Scan
The industry is entering a challenging period of regulatory change. Regulators worldwide have been focused on adjusting their regimes, but some, such as the US Securities and Exchange Commission, have been particularly active in proposing changes to the requirements applicable to fund managers. Many of the proposed amendments are still pending, but we wanted to help members understand the potential overlaps in compliance periods to assist them in forward planning. To this end, AIMA has created the "AIMA Regulatory Horizon Scan".
All dates for pending proposals are estimates and subject to change.
© The Alternative Investment Management Association 2023, 2024
Frequently Asked Questions
How can I access more information about the requirements?
Most of the final rules and pending proposals in the lefthand column have a link under it in the PDF version of the AIMA Regulatory Horizon Scan. Clicking that link will take you to another AIMA website page where, for most of the items on the list, you can read a high-level summary of what is required or proposed to be required. You can also view the full timeline there, and members can access AIMA's work to date on the matter. Where relevant, this page will also contain links through which members can access a full summary of what is required, relevant multimedia content and/or implementation guidance.
For some of the items, this link takes members directly to a summary of what is required. In this instance, there will be no additional information available for non-members.
Does the weekly horizon scan include every proposal and every final regulatory requirement with an open compliance period?
How are the dates for pending proposals estimated?
The lists of dates are confusing. How should these be read?
All dates are in US format. In the "start" and "end" columns, this means "mm/dd". Across the top horizontal axis, the dates are shown as "mm/yy". To give the dates in the "start" and "end" columns appropriate context, you need to also refer to the year as well in the top horizontal axis.
The weekly horizon scan is currently set to cover dates through the end of 2024. When a compliance period ends in 2025 or 2026, those end points are not shown in the weekly horizon scan, but they are shown in the timeline in the linked webpage.
What do the colours of the bars signify?
The bars are different colours to indicate their relative priority and impact. These are judgments made by AIMA staff for the convenience of users, although we appreciate that users could have different views about proposal's priority or impact on their own business.
Bar Color |
Priority |
Impact |
Bright orange |
High |
High |
Bright pink |
High |
Medium |
Red-orange |
High |
Low |
Lavender/purple |
Medium |
High |
Mid-dark blue |
Medium |
Medium |
Sky blue |
Medium |
Low |
Bright blue |
Low |
High |
Lime green |
Low |
Medium |
Bright yellow |
Low |
Low |
While more distinct colour differences, or primary colours, would arguably be more effective, we have been constrained by the limits of the software we are using to generate the AIMA Regulatory Horizon Scan. If you cannot tell the colours apart but want to understand what priority/impact has been assigned to a specific item, click the link under the item name and go to the section of the webpage that is labelled "Timeline" where this information is presented and the colour of the bar identified.
Why do some of the items have two bars?
Why do the bars start where they do?
Can I reuse the AIMA Horizon Scan materials?
What happened to the AIMA Regulatory Almanac?
The information previously available in the AIMA Regulatory Almanac has been incorpated as features of the AIMA Regulatory Horizon Scan and, where relevant, the linked Spotlight on Compliance pages.
Where are international regulations (i.e., those stemming from IOSCO, FSB, etc.) placed?
Even though these are international bodies, for Horizon Scan purposes they have been placed in the EMEA section.