The Future of UK AIFM Regulation: Preparing for the 2028 Regime

On 14 July 2026, the FCA and HM Treasury published four substantial consultation papers outlining a new regulatory regime for UK AIFMs. With final rules expected in 2027 and implementation scheduled for 2028, the proposals could have far-reaching implications for firms' business models, investment approaches, reporting obligations and compliance frameworks.

In this webinar our speakers explore the key proposals and what they mean for both UK and non-UK fund managers.

Topics covered:

• A new three-tier AIFM categorisation regime, with firms classified according to net asset value (NAV).
• Changes to core AIFM requirements, including valuation, leverage, risk management, liquidity management, delegation and investor disclosure.
• The proposed FRAME reporting regime, which would replace existing fund reports with a new two-tier reporting framework.
• Simplification of remuneration requirements for UK asset managers.
• The implications for non-UK AIFMs and the future of the national private placement regime.
• Key consultation milestones, implementation timelines and practical steps firms can take now to prepare.

This session provides practical insights into one of the most significant overhauls of the UK's asset management regulatory framework in recent years, with a particular focus on the impact on AIFMs and the steps firms should be considering ahead of implementation.

Speakers:

• Devarshi Saksena, Partner
• Louise Tudor-Edwards, Partner
• Nick Colston, Partner
• Tair Hussain, Associate