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MFA issues statement ahead of UK regulators meeting with Chancellor Reeves regarding economic growth

London, UK — UK regulators are meeting with Chancellor Rachel Reeves on Thursday to present plans to stimulate economic growth by reducing regulation and opening markets to new participants. Ahead of the meetings, MFA issued the following statement urging policymakers to enhance economic growth by withdrawing duplicative and burdensome financial transaction reporting requirements.  

“The MiFID transaction reporting requirements disincentivise alternative asset managers from establishing a presence in the UK. Removing these duplicative and burdensome rules will help attract more investment managers, increase capital flows, and benefit markets – without undermining regulators’ market monitoring. This will enhance UK economic growth and competitiveness and solidify the country’s position as a global hub for asset management.” Rob Hailey, MFA Managing Director, Head of EMEA Government Affairs.

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About the global alternative asset management industry

The global alternative asset management industry — including hedge funds, private credit funds, and hybrid funds — serves thousands of public and private pension funds, charitable endowments, foundations, and other global institutional investors. The industry provides portfolio diversification and risk-adjusted returns to help meet their funding obligations and return targets throughout the economic cycle.

About MFA

Managed Funds Association (MFA), based in Washington, D.C., New York City, Brussels, and London, represents the global alternative asset management industry. MFA’s mission is to advance the ability of alternative asset managers to raise capital, invest it, and generate returns for their beneficiaries. MFA advocates on behalf of its membership and convenes stakeholders to address global regulatory, operational, and business issues. MFA has more than 180 fund manager members, including traditional hedge funds, private credit funds, and hybrid funds, that employ a diverse set of investment strategies. Member firms help pension plans, university endowments, charitable foundations, and other institutional investors diversify their investments, manage risk, and generate attractive returns throughout the economic cycle.

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