Britain’s government wants to dilute regulations for smaller private equity and hedge funds in a bid to bolster the country’s appeal as an investment hub.
The UK finance ministry and the Financial Conduct Authority regulator launched plans this week to lift the threshold for ‘full-scope’ regulation from 100 million pounds of assets to 5 billion pounds ($129 million to $6.4 billion) for alternative asset managers.
Emma Reynolds, Britain’s economic secretary,
