The original headline is: "FCA and HM Treasury Publish Detailed Proposals to Streamline UK Asset Management Regulation"

Short summary

HM Treasury and the FCA published draft regulations and three consultation papers proposing a streamlined UK AIFM regime, moving away from the onshored EU AIFMD framework. Key changes include a new three-tier firm-size threshold based on NAV (£750M and £5B cutoffs) and a new ALTS sourcebook placing most rules under FCA discretion rather than legislation. The reforms aim to make the regime more proportionate and increase UK/EU regulatory divergence.

• •UK FCA and HM Treasury propose new AIFM regime replacing EU AIFMD-derived framework
• •Three-tier firm thresholds based on NAV: small (<£750M), medium (£750M-£5B), large (>£5B)
• •Most firm-facing rules to move from legislation into FCA rulebook for faster amendment

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