Active Public Policy

The FCA is planning to implement a new product information regime for Consumer Composite Investments. In April 2025 they published a second consultation on some remaining issues to support the regime.

ESMA has published its final reports on draft regulatory technical standards and guidelines for liquidity management tools under the revised AIFMD and UCITS Directive.

As part of its Savings and Investment Union strategy, the European Commission is gathering feedback from stakeholders on obstacles to financial integration across the EU.

HM Treasury and the FCA are consulting on changes to the AIFM regime in the UK. Find out more about this here.

The FCA have published their response to their a discussion paper on firms' sustainability-related governance, incentives, and competencies. They have introduced some rules relating to themes in the paper and have no plans to introduce any more. More details can be found here.

RICS published a survey in February/March 2025 to understand how the UK VPS 3 valuation standards, within their 2023 edition of the UK National Supplement to the Global Red Book, are impacting stakeholders and to provide insight into the future direction of RICS. AREF's response to the survey and UK National Supplement can be found here.

The Government are implementing a Building Safety Levy. Click here for more details.

In February 2025, legislation for an unauthorised co-ownership contractual scheme, the Reserved Investor Fund (RIF), and tax regulations for the RIF were laid in Parliament and will come in force in mid-March 2025; more details can be found by clicking here.