The Trump administration is preparing an executive order that could mark a significant regulatory shift by making private markets investments available to the $12.4tn US 401(k) defined-contribution retirement market, according to a report by Reuters.

The UK government is set to unveil sweeping changes to its regulatory framework for hedge funds and private equity firms, proposing a new lighter-touch regime for managers with less than £5bn in assets under management rather than the £100m threshold currently, according to a report by the Financial Times.

Hipgnosis Songs Fund, the music investment company owned by private equity giant Blackstone, has hit a legal roadblock in its dispute with Barry Manilow over a $1.5m bonus payment, with a High Court ruling in London preventing the case from proceeding in the UK, according to a report by Reuters.

The Financial Conduct Authority, the UK’s financial regulator, is set to examine potential conflicts of interest among managers of private equity and private credit funds, according to a report by the Financial times.

HMRC, the UK tax authority has abandoned a controversial crackdown on private equity firms, averting a potential tax hit that could have amounted to hundreds of millions of pounds in retrospective liabilities, according to a report by the Financial Times.

President Donald Trump has revived calls to eliminate the carried interest tax deduction, a longstanding benefit cherished by hedge fund managers and private equity executives, according to a report by Bloomberg.

The Bank of England (BOE) is intensifying its efforts to closely monitor risks in the non-bank financial sector, which includes private equity firms, hedge funds, and asset managers, according to a report by Institutional Investor.

The UK’s Shadow Chancellor Rachel Reeves has indicated that the Labour Party will uphold favourable tax treatment for private equity executives in cases where fund managers invest their own capital, according to a report by the Financial Times.