Evolving Asset Management Regulation Report 2025

Asset management regulation is constantly evolving. KPMG’s 15^th edition of Evolving Asset Management Regulation report explores a broad range of regulatory priorities, developments and proposals affecting the asset management industry around the world.

The "2025 Evolving Asset Management Regulation Report" (EAMR) offers a detailed analysis of regulatory developments and trends in the asset management sector across nearly 30 jurisdictions, highlighting over 200 updates. It examines how regulators are focusing on growth, competitiveness, technological advancements, and sustainability while maintaining core objectives like investor protection and market stability.

The report identifies six key themes: facilitating growth in public and private markets; fostering digital innovation and AI; enhancing investor protection; improving firm and systemic resilience; refining ESG frameworks; and overseeing the evolving regulatory landscape. It emphasizes both opportunities (like product innovation and market access) and risks (such as regulatory divergence and conduct challenges) for asset managers, alongside practical recommendations to navigate these changes effectively.

Evolving Asset Management Regulation Report 2025

Learn more about the 15th edition of the Evolving Asset Management Regulation Report 2025

Amid a complex global landscape marked by geopolitical uncertainty, economic headwinds,  and calls for regulatory simplification, Jersey and Guernsey continue to demonstrate agility and strategic foresight in their approach to asset management regulation.

Drawing from recent developments across both jurisdictions, the Crown Dependencies are embracing opportunities to enhance competitiveness, support innovation, and reinforce investor protection. From digital asset tokenisation and streamlined fund regimes to sustainable finance initiatives and strengthened AML frameworks, Jersey and Guernsey are aligning with global regulatory trends while tailoring their responses to local market needs.

Our summary highlights six key regulatory themes shaping the future of asset management in the Crown Dependencies.

KPMG’s global network of asset management and sustainable finance professionals can help organisations turn regulatory change into growth opportunity.

KPMG professionals take a holistic view of regulation related to your business, integrating viewpoints gained from working with investors, managers, regulators and service providers to help clients make informed decisions that can help drive their business forward in times of uncertainty. 

The 15th edition of KPMG’s annual flagship Evolving Asset Management Regulation report brings together a broad-ranging picture of regulatory priorities, developments and proposals impacting the asset management industry around the world since last year’s report.

Drawing on the KPMG Regulatory Horizon tool and the insights of KPMG specialists, we considered regulators’ publications from global and regional standard setters and almost 30 countries and territories around the world, capturing and prioritizing over 200 individual regulatory developments or publications that form the basis of this report. These developments were collated into seven regulatory themes, representing challenges that affect all types and aspects of asset management businesses as well as market opportunities. In addition, by drawing on the insights and knowledge of KPMG specialists we have explored how asset managers can best approach the topic of regulatory change to keep pace with regulators’ evolving expectations.

At the end of each chapter, we have outlined proactive actions that asset managers can take to respond to the identified regulatory developments, based on KPMG specialists’ insights and preferred practice.