London, UK – MFA issued the following statement in response to Rachel Reeves’ announcement that HM Treasury would work to eliminate redundant MiFID reporting requirements.
“Reducing compliance burdens by eliminating redundant and costly requirements is a crucial step toward enhancing market efficiency and strengthening the UK’s competitiveness as a global financial centre. This should include simplifying dual-sided financial transaction reporting requirements. MFA will continue working with policymakers as they cut red tape and drive economic growth.”“ — Rob Hailey, MFA Head of EMEA Government Affairs
Read MFA’s letter requesting the Financial Conduct Authority eliminate redundant MiFID transaction reporting requirements here.
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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.
