On 14 July 2026 the Financial Conduct Authority (FCA) published CP26/27, a consultation proposing to replace the three remuneration codes that currently apply to solo-regulated firms with a single, outcomes-focused code at SYSC 19AA. The proposals would take small and non-interconnected (SNI) MIFIDPRU investment firms and smaller alternative investment fund managers (AIFMs) out of remuneration requirements altogether, and would end mandatory remuneration committees, mandatory

On 14 July 2026, the Financial Conduct Authority (FCA) published CP26/28: The UK AIFM Regime, proposing to move most of the rules for alternative investment fund managers (AIFMs) out of legislation and into a new Alternative Investment Funds sourcebook (ALTS), and to replace the current full-scope and sub-threshold split with three categories based on aggregate net asset value (NAV): small below £750m, medium between £750m and £5bn, and large above £5bn. These are consultatio