Is it time to diverge as UK regulator mulls post-Brexit asset management?

The UK's Financial Conduct Authority (FCA) has published a discussion paper proposing ways it may change the regulation of UK asset management in the post-Brexit era, explain Jessica Reed, Grania Baird and Andy Peterkin, partners, Farrer & Co.  This discussion paper is likely to be one of many as the FCA assesses whether it is appropriate to "copy-out" retained European laws, or whether a fundamental rethink of the rules is required.  The FCA is looking to diverge from European regulation in a number of areas. We examine some of the key areas here: Regulatory regime for fund manage...