United Kingdom: Wealth & Asset Management

The Register of Overseas Entities, effective from 1 August 2022 under the Economic Crime (Transparency and Enforcement) Act 2022, requires overseas companies and other non-human entities owning property in the UK to register with Companies House and disclose their beneficial owners or managing officers.

On 7 April 2025 two papers were published that could have a significant impact on the future of asset management in the UK and herald the beginning of real regulatory divergence between UK and EU regulation of managers of alternative investment funds.

The regulatory environment in the UK is rapidly evolving, with the Financial Conduct Authority ("FCA") placing increased scrutiny on asset management firms.