Evolving asset management regulation 2026 report

Regulatory change remains a defining feature of the asset management landscape. While the pace of reform continues, the focus has shifted from creating entirely new frameworks to realigning existing rules to better support growth, competitiveness and effective market functioning.

Drawing on insights from almost 250 regulatory developments across more than 20 jurisdictions and global standard-setting bodies, KPMG's 16th annual Evolving Asset Management Regulation report explores the trends shaping the regulatory agenda for asset managers worldwide.

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What I find particularly interesting in this year’s report is the shift from more regulation to better regulation, with a greater emphasis on growth, resilience and innovation. This resonates strongly with what we are seeing in Luxembourg: ManCos and AIFMs are increasingly focused on scaling intelligently, leveraging technology and AI, as well as their wider group models while continuing to strengthen governance and oversight. In my view, regulatory excellence and operational transformation are increasingly two sides of the same coin.

Vincent Ehx

Partner, Asset Servicing Market Leader

KPMG Luxembourg

Evolving asset management regulation 2026 report

An essential resource for navigating today's shifting asset management regulatory landscape

Download the full report

Download the the 2025 report

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KPMG’s global network of private capital and asset management practices offers a wide range of services to clients at national, regional and global levels. KPMG professionals in Audit, Tax and Advisory are specialists in their fields and have deep experience in the issues and needs of investment management businesses.

Member firms’ clients include investment managers, wealth managers, fund administrators and service providers which focus on mutual funds, hedge funds, private equity funds, infrastructure funds and real estate funds, and institutional investors such as pension funds and sovereign wealth funds.

We have a range of services that can help you address risk and regulatory change and use it to accelerate business transformation. Contact your local KPMG member firm today to learn more.