Information on authorised asset management firms and permissions - May 2025

1. A list of currently authorised firms regulated by the FCA to manage assets, including:

• Legal entity name
• Trading name(s)
• Registered address and principal place of business
• Website URL
• Date of authorisation
• Current regulatory status

2. Details of each firm's regulatory permissions, including whether they are:

• Managing authorised and/or unauthorised AIFs
• Full-scope UK AIFMs (FUND 1.3.3G)
• Small authorised UK AIFMs (FUND 1.3.6G)
• EuVECA or EuSEF managers
• Managing a UK UCITS (article 51ZA)
• Advising on investments (excluding P2P agreements)
• Managing investments (discretionary portfolio management)
• Execution-only firms (dealing/arranging only)
• MiFID investment firms
• Collective Portfolio Management Investment Firms (CPMIs)
• Firms currently in the FSCR

3. Additionally, where held, I would appreciate inclusion of each firm’s asset class focus or strategy areas (e.g. private equity, private credit, real estate, infrastructure, equities, fixed income), especially if this is recorded as part of your permissions data or internal classification.

Parts 1 and 2

We are unable to provide a list of firms regulated by the FCA to ‘manage assets’ because we do not have specific definitions for ‘managing assets’ and/or ‘asset managers’. Rather, we categorise firms by reference to the permissions which they hold.

Additionally, noting your interest in those firms meeting the criteria set out in the bullet points in part 2 of your request, we would like to clarify that some of these are not regulatory permissions.

Having regard to the above however, we have in Annexes A to J, provided the information detailed below:

1. Annex A – Firms that have the permission of ‘managing an authorised AIF’
2. Annex B – Firms that have the permission of ‘managing an unauthorised AIF’
3. Annex C – Firms that have the permission of ‘Managing a UK UCITS (article 51ZA of the Regulated Activities Order)’
4. Annex D – Firms that have the permission of ‘Advising on investments (excluding P2P agreements)’
5. Annex E – Firms that have the permission of ‘Managing investments’
6. Annex F – ‘Execution-only firms (dealing/arranging only)’

Please note that we do not have a definition for ‘execution-only firms’ and have interpreted this part of your request as asking for a list of firms with ‘dealing in investments as agent’ and ‘arranging deals in investments’ but not ‘managing investments’ permissions.

1. Annex G – Firms that manage European venture capital funds (EuVECA) or European Social Entrepreneurship Funds (EuSEFs)
2. Annex H – MiFID investment firms
3. Annex I – Collective Portfolio Management Investment Firms (CPMIs)
4. Annex J – Firms currently in the Financial Services Contracts Regime (FSCR)

Please note that these firms are registered but not authorised by the FCA. This list is extracted from the Register of Small Registered AIFMs, which does not include registered address or website.

1. Annex H – MiFID investment firms
2. Annex I – Collective Portfolio Management Investment Firms (CPMIs)
3. Annex J – Firms currently in the Financial Services Contracts Regime (FSCR)

The FSCR enables EEA firms that previously passported into the UK and that did not enter the temporary permissions regime (TPR), or that leave the TPR without being authorised or registered in the UK, to wind down their UK business in an orderly fashion. The FSCR provides two discrete mechanisms:

• supervised run-off (SRO)  
• contractual run-off (CRO)

In respect of the above information (except where specifically noted), we have included:

• Legal entity name
• Trading name(s)
• Registered address and principal place of business
• Website URL
• Date of authorisation
• Current regulatory status

Regarding ‘Full-scope UK Alternative Investment Fund Manager’ (AIFM), we would like to clarify that this is not an FCA permission but rather is a UK AIFM which is not a small AIFM or is a small AIFM, but has exercised the option to meet the full requirements applying to a full-scope AIFM. We can confirm that we hold information on those firms meeting this criterion but are unable to disclose it to you because it constitutes ‘confidential information’ for the purposes of section 348 of the Financial Services and Markets Act 2000 (FSMA). This information is therefore exempt from disclosure under section 44 (Prohibitions on disclosure) of FOIA.

Equally, we would like to clarify that ‘Small authorised UK AIFMs’ is not an FCA permission. We can confirm that we hold information on those firms meeting this criterion but are unable to disclose it to you because it constitutes ‘confidential information’ for the purposes of section 348 of the Financial Services and Markets Act 2000 (FSMA). This information is therefore exempt from disclosure under section 44 (Prohibitions on disclosure) of FOIA.

Please see Annex A below for details on why we are applying the above exemption.

Part 3

We can confirm that we do not record firms’ asset class focus or strategy areas and therefore do not hold this information.