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New UK proposals to reform the rules for alternative managers are well-intended but could increase pressure on smaller managers, according to AIMA.
The London-based trade group makes the point in its response to HM Treasury’s consultation paper and the FCA’s call for input on the UK Alternative Investment Fund Managers Regulation, the AIFMR.
AIMA, which has multiple sub-$1bn hedge fund managers within its membership, said it welcomes the proposals “to apply a lighter touch and more proportionate regime” to smaller managers.
“But, the current proposals to bring all managers into a single regime, regardless of size, risk increasing rather than reducing the regulatory burden on them.”
AIMA said it looked forward to continuing its work with HM Treasury and the FCA as they develop the more detailed proposals expected at the start of 2026.