The UK FCA has dropped its 'Name and Shame' proposal following extensive engagement with industry stakeholders, including AIMA. 

AIMA, the world’s largest alternative investment trade association, consistently offered constructive options for improving the proposal—including significantly narrowing the circumstances where firms/individuals would be named—while underscoring the serious risk of undue reputational damage to firms, individuals, and investors that the proposal posed in its format. 

AIMA CEO Jack Inglis said: “We welcome this announcement from the FCA which comes after extensive engagement with the industry and a critical report from the House of Lords Financial Service Regulation Committee. It shows they have accepted the serious concerns that have been widely expressed, including those of AIMA members. The original proposals would have placed the UK at a competitive disadvantage to its international peers and we are pleased that FCA has understood and that firms now have greater confidence that their businesses will not be compromised by unwarranted “naming and shaming” if ever subject to an investigation.”