UK Government: Invest 2035 - UK Modern Industrial Strategy
The UK Government have published their Industrial Strategy for the next 10 years. Their Financial Services Growth & Competitiveness Strategy is expected to follow in mid-July 2025.
UK Alternative Investment Fund Manager (AIFM) Regime
HM Treasury and the FCA are consulting on changes to the AIFM regime in the UK. Find out more about this here and review AREF's responses.
UK Government - Pensions Investment Review
The UK Government has published its final report on the first phase of the Pensions Investment Review and responses to two other related consultations. The Pension Schemes Bill was presented to Parliament on 5 June 2025.
Law Commission - Landlord and Tenant Act consultations
The Law Commission are reviewing Part 2 of the Landlord and Tenant Act 1954 with a view to modernise commercial leasehold legislation. Click her for more details.
FRC - UK Stewardship Code
The Financial Reporting Council have published the UK Stewardship Code 2026 and are consulting on guidance.
Sustainable Finance Disclosure Regulation (SFDR)
The European Commission have put out a Call for evidence on SFDR. More details can be found here.
DWP - Options for Defined Benefit schemes
The Government have responded to their consultation on the treatment of DB scheme surpluses and a model for a public sector consolidator. Click here for more details.
UK Government: Build Out improvements
The UK Government have published a policy paper on speeding up build out and alongside this they are consulting on measures to improve build out transparency and accountability.
IOSCO - Liquidity Risk Management Recommendations for Collective Investment Schemes
IOSCO has published its final report on Revised Recommendations for Liquidity Risk Management for Collective Investment Schemes alongside its Implementation Guidance
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.
FCA - Product Information for Consumer Composite Investments
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 - Liquidity Management Tools for Funds - Guidelines & Technical Standards
ESMA has published its final reports on draft regulatory technical standards and guidelines for liquidity management tools under the revised AIFMD and UCITS Directive.
European Commission - Savings and Investment Union
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.
FCA - Finance for positive sustainable change: governance, incentives and competence in regulated firms
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.