FCA - Fund Liquidity Risk Management

The FCA are consulting until 23 February 2026 on enhancing fund liquidity risk management. Members contributions are welcome to AREF's response.

Sustainable Finance Disclosure Regulation (SFDR)

Find out the latest on SFDR here.

UK Government - Pensions Investment Review

The Pension Schemes Bill is currently going through Parliament. Also, the Government has published a consultation on 2 statutory instruments to deliver its aims to make LGPS fit for the future.

IOSCO - Valuing Collective Investment Schemes

IOSCO are consulting on Valuing Collective Investment Schemes until 2 February 2026.

FRC - UK Stewardship Code

The Financial Reporting Council have published the UK Stewardship Code 2026 and a guide giving practical insights and examples of effective reporting to the Code.

Reserved Investor Fund

Find out more about the UK-based unauthorised contractual scheme, the Reserved Investor Fund, here.

Sustainable finance and climate change disclosures

Read more about the policy work being undertaken by governments, regulators & standard setting bodies in relation to sustainable finance and climate-related disclosures. See AREF's responses to current UK consultations.

UK Government: Invest 2035 - UK Modern Industrial Strategy

The UK Government have published their Industrial Strategy for the next 10 years.

Scottish Government - LBTT and Property Investment Funds

AREF has responded to the Scottish Government's consultation on the interaction between investment funds (CoACS, RIFs and PAIFs) and Land and Building Transaction Tax (LBTT).

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