FCA Proposes New FRAME Fund Reporting Regime for Asset Management Entities (CP26/26)

The FCA published CP26/26, introducing FRAME, a new fund regulatory reporting framework structured around 'Essential' and 'Enhanced' reporting tiers based on a £500 million net asset value threshold. The proposal is one of three linked asset management reform consultations published the same day intended to modernise and reduce the burden of regulatory reporting for fund managers.

• Introduces FRAME, a new fund reporting framework replacing existing reporting requirements
• Creates 'Essential' and 'Enhanced' reporting tiers based on a £500 million NAV threshold
• Published alongside linked consultations CP26/27 (remuneration) and CP26/28 (AIFM prudential regime)