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).
EU - Cross-border marketing and management of AIFs and UCITS
Find out more here about cross-border marketing and management requirements of AIFs and UCITS within EU and EFTA countries.
Appointed Representatives Regime
The FCA have updated on their website details of responsibilities and how to oversee appointed representatives. HM Treasury have published a Policy Statement setting out targeted reforms.
FCA - Climate-related disclosures
View here the FCA work on enhancing climate-related disclosures by asset managers, life insurers, and FCA-regulated pension providers.