In this latest episode of our podcast series, Let’s talk asset management, Hannah Meakin, Lucy Dodson and Simon Lovegrove discuss the UK Financial Conduct Authority’s recent guidance on its expectations for authorised fund applications made by firms for collective investment schemes to be authorised as authorised unit trusts, authorised contractual schemes and authorised open-ended investment
FCA invites applications for a bond consolidated tape provider
On 7 March 2025, the Financial Conduct Authority published a new webpage stating that it is starting the process of appointing a bond consolidated tape provider. The FCA has already published a Tender Notice which sets out the key features of the procurement. Those interested in bidding are invited to register on the FCA’s procurement
Private market valuation practices – some good practice but still room for improvement
On 5 March 2025, the Financial Conduct Authority (FCA) published its detailed findings from its multi-firm review of valuation processes for private market assets.
Background
The FCA sees good valuation practices as key to maintaining fairness and confidence as the private market grows. There is also global interest in valuation practices in private
Split the Difference podcast: Episode 12 – 2025 outlook
In this latest episode of our podcast series, Split the Difference, Hannah Meakin, Floortje Nagelkerke, Anna Carrier, Lucy Dodson and Simon Lovegrove look ahead at some of the key regulatory topics impacting institutions in the markets space in both the UK and the EU during 2025.
The podcast is here.
Horizon scanning: UK regulatory topics to look out for in 2025
In this article we look at key regulatory topics for 2025 that will have a significant impact on institutions operating in the UK financial services space. We have not attempted to list every single reform expected this year but rather pick out the top reforms in both the wholesale and retail space, as well as
The Financial Services and Markets Act 2000 (Collective Investment Schemes) (Amendment) Order 2025
On 9 January 2025, the Financial Services and Markets Act 2000 (Collective Investment Schemes) (Amendment) Order 2025 (the Order) was laid before Parliament and published, along with an explanatory memorandum.
The purpose of the Order is to ensure that arrangements for qualifying cryptoasset staking do not amount to a collective investment scheme
Merry Christmas and a Happy New Year to our readers
To all of our global readers we would like to take this opportunity to wish you all a Merry Christmas and a Happy New Year.
We will resume posting material following the festive period on 7 January 2025 although if there are any significant developments we will endeavour to provide an update.
A twist for the end of the year? – FCA’s proposals on operational incidents
FCA consults on PISCES proposals
On 17 December 2024, the Financial Conduct Authority (FCA) published a consultation paper, CP24/29, setting out its proposed regulatory framework for the Private Intermittent Securities and Capital Exchange System (PISCES).
Background
The Government consulted earlier this year on the PISCES, a proposed new type of trading platform that will enable
FCA publishes discussion paper on admissions and disclosures and the market abuse regime for cryptoassets
On 16 December 2024, the Financial Conduct Authority (FCA) published a discussion paper, DP24/4, on admissions and disclosures (A&D) and the market abuse regime for cryptoassets (MARC).
The proposals
The FCA has published DP24/4 to help inform the development of its rules for cryptoasset A&D and the MARC.