{"id":2045,"date":"2026-09-10T11:55:05","date_gmt":"2026-09-10T11:55:05","guid":{"rendered":"https:\/\/iqeq.com\/gb\/insights\/simplifying-fund-reporting-understanding-the-fcas-proposed-frame-regime-cp26-26\/"},"modified":"2026-09-10T11:55:07","modified_gmt":"2026-09-10T11:55:07","slug":"simplifying-fund-reporting-understanding-the-fcas-proposed-frame-regime-cp26-26","status":"publish","type":"post","link":"https:\/\/iqeq.com\/gb\/insights\/simplifying-fund-reporting-understanding-the-fcas-proposed-frame-regime-cp26-26\/","title":{"rendered":"Simplifying fund reporting: Understanding the FCA’s proposed FRAME regime (CP26\/26)"},"content":{"rendered":"
\n

By Bradley Stratford, Principal Consultant<\/p>\n <\/div>\n<\/section>\n\n

\n
\n
\n
\n
\n

At a glance<\/p>\n

<\/div>\n <\/div>\n
\n
\n

The UK\u2019s Financial Conduct Authority (FCA) is proposing a new Fund Reporting for Asset Management Entities (FRAME) regime to simplify reporting requirements while enhancing regulatory oversight. Set out in consultation paper CP26\/26, FRAME would replace multiple returns with one risk-based framework. While investment strategies and prudential requirements aren\u2019t impacted, firms may need to strengthen their data, governance and reporting capabilities. This article examines the proposed changes and what they may mean for asset managers in the UK.<\/p>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/section>\n\n

\n

Understanding the FCA\u2019s FRAME proposal<\/h2>\n

On 14 July 2026, the FCA published consultation paper CP26\/26<\/a>: Fund Reporting for Asset Management Entities (FRAME). The proposal is designed to simplify and modernise how asset managers report information about the assets (including funds) they manage. consultation closes on 22 September 2026, with the FCA aiming for implementation during 2028. It\u2019s important to note that the FRAME proposals remain subject to consultation and may change before being finalised rules are published.<\/p>\n

Today, fund managers are subject to a range of different reporting requirements depending on the type of fund they operate. The FCA believes this has created inconsistent data, duplicated reporting and unnecessary complexity. FRAME is designed to create a single, more consistent reporting framework across the whole asset management sector.<\/p>\n

The FCA’s key objectives are to:<\/p>\n

    \n
  1. Replace multiple existing fund reporting returns with consolidated reporting forms<\/li>\n
  2. Improve the quality and consistency of information received by the regulator<\/li>\n
  3. Reduce some existing notification requirements<\/li>\n
  4. Introduce a more proportionate reporting regime for smaller firms and funds<\/li>\n<\/ol>\n

    What does this mean for asset management firms in the UK?<\/h2>\n

    Simpler reporting requirements<\/h3>\n