UK Regulatory Change

Overview:

Following the UK's exit from the European Union at the end of 2019, Her Majesty's Treasury, the Financial Conduct Authority, the Bank of England and other UK government departments have been undertaking a series of reviews to help guide the future of UK regulatory change for firms, including asset managers.

AIMA’s recent work in the UK has focused on changes to the prudential regime for investment firms, proposed chanes to the MiFID requirements, the review of the anti-money laundering requirements, the Overseas Fund Regime and the general changes to how HMT and FCA intend to conduct their regulatory and supervisory work. 

Current work:

More information about our current work on AML, IFPR and securitisation can be found in the more specific topical pages which can be accessed below. 

AML, Beneficial Ownership and Sanctions

FinCEN seeking views on proposal for Beneficial Ownership Reporting through 7 February. AIMA has published a position paper on the European Commission proposal for an AML Regulation.

Securitisation

Securitisation is a core feature of capital markets. It provides a mechanism by which illiquid loans originated by banks and finance companies are transferred to capital market investors. A reformed securitisation framework will help reduce the EU’s over-reliance on bank funding, while preserving the financing of the European economy. The UK is also consulting currently on potential reforms to its securitisation requirements.

(Last updated: 6 August 2021)