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FCA targets private markets firms with in-person visits: ‘Policymakers must think hard about regulation’

Public markets are suffering an IPO drought as private markets replace them and firms delist. The FCA is increasing its scrutiny of the sector in response

By Justin Cash
The watchdog asked 36 firms nearly 50 questions in December and has now started visiting others
The watchdog asked 36 firms nearly 50 questions in December and has now started visiting others Photo: Alamy

The Financial Conduct Authority is set to target private markets firms in 2025, with the UK markets watchdog having already visited several companies in recent months. 

The FCA hit a host of private markets firms with a survey of their activities, Financial News revealed in November. The regulator zoned in on the frequency of valuations, the expertise and independence of resources used, governance and record keeping.

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