On June 2, 2026, the White House issued an Executive Order titled “Promoting Advanced Artificial Intelligence Innovation and Security.”

Investments, management and reporting

On 9 June 2026, the Department for Business and Trade (DBT) issued a Written Statement to Parliament regarding plans to implement changes to the annual accounts filing regime following reforms introduced by the Economic Crime and Corporate Transparency Act 2023 (ECCTA).

Regulator activity

This article focuses predominantly on developments related to listed funds and my colleague, Joshua Tod, covers the private funds market below.

The period from November 2025 through May 2026 represents a fundamental reorientation of the US regulatory landscape for asset managers, SEC-registered investment advisers (RIAs), including private fund advisers, and CFTC-registered commodity pool operators (CPOs) and commodity trading advisors (CTAs).

On April 30, 2026, the FCA published Policy Statement PS26/7, Progressing Fund Tokenisation, finalizing new rules and guidance that bring tokenized authorized funds firmly within the UK regulatory perimeter.

2026 has opened against a backdrop of continued uncertainty for the private funds market.

The Middle East fund management landscape is undergoing significant regulatory evolution.

In April 2026, the Financial Conduct Authority (FCA) published Policy Statement PS26/5: Changes to the UK Short Selling Regime (PS26/5), setting out its final rules and Statement of Policy following an earlier consultation.

In recent months, China has rolled out a series of significant regulatory initiatives across its asset management industry, spanning commercial real estate investment trusts (REITs), futures market access, real-world asset (RWA) tokenization, short-swing trading rules, and mutual fund reforms.

Welcome to the fifth issue of Global Asset Management Review.

DC arrangements and reporting

Norton Rose Fulbright has been recognized as a leading law firm in 42 national practice areas in the 2026 edition of The Legal 500 United States, including five Tier 1 rankings.

Norton Rose Fulbright has released its 2026 Annual Litigation Trends Survey: A midyear industry pulse, analyzing litigation trends across key industries.

A new final rule revises the federal independent dispute resolution process established under the NSA to resolve out-of-network payment disputes between payors and providers of emergency services.

We are proud to announce that 32 lawyers from our Paris office have been recognized in the 2027 edition of “Best Lawyers in France”.

We are delighted to be participating in Marine Money Week New York 2026. As one of the landmark events for the global shipping finance community, and with the global shipping and maritime industry at such a pivotal juncture, we look forward to catching up with clients and contacts to continue discussions around navigating the current challenges and opportunities.

Global law firm Norton Rose Fulbright has advised a syndicate of international banks on the successful issue of NRW.BANK's inaugural European Green Bond

Norton Rose Fulbright’s 2026 Annual Litigation Trends Survey: A midyear industry pulse shows exposure to cybersecurity and data privacy disputes has deepened across the energy, financial institutions, healthcare and technology sectors.