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HMT and FCA consultation on AIFM Regulations

People walk near Tower Bridge with a view of the City of London skyline.
Photo: Getty Images

Reforms address the overall regulatory framework for AIFMs and how rules will be made more proportional for different types of firms.

On April 7, 2025, both HM Treasury (HMT) and the FCA issued publications seeking input on reforming the UK regime for Alternative Investment Fund Managers (AIFMs).

The HMT consultation addresses the overall regulatory framework for AIFMs and relevant depositories, focusing on which AIFMs should be subject to the regulations and whether amendments