
The proposals aim to make the UK regime more proportionate and suggest different rules
applying to hedge funds, venture capital firms, and private equity houses.
By Nicola Higgs, Rob Moulton, and Jonathan Ritson-Candler
On 7 April 2025, the FCA published a Call for Input, and HM Treasury published an Open Consultation, on the reform of the UK regulatory regime for alternative investment funds (AIFs) and their managers (AIFMs), following the UK’s implementation of the EU Alternative Investment Fund