Tamasin Little

Alternative investment fund managers who have raised, or want to raise, money in the EEA need to watch out. Planned changes to the Alternative Investment Fund Managers Directive (AIFMD), and other directives regulating funds and their marketing, which are billed as intending to make cross border fund raising easier are in fact likely to make it more difficult. Consultation on these proposals will close on 10 May 2018.

The UK Financial Conduct Authority (FCA) has published its long-awaited consultation paper on extending the senior managers and certification regime (SMCRE) to all authorised firms. A separate consultation paper has been published for insurers. The SMCRE will consist of a “core regime”, an “enhanced regime” and a “limited scope regime” to reflect the size, scale and complexity of the firms that will be subject to this regime.

The UK Financial Conduct Authority (FCA) has published its long-awaited consultation paper on extending the senior managers and certification regime (SMCRE) to all authorised firms. A separate consultation paper has been published for insurers. The SMCRE will consist of a “core regime”, an “enhanced regime” and a “limited scope regime” to reflect the size, scale and complexity of the firms that will be subject to this regime.