FCA publishes Wholesale “priorities” reports

The FCA has published its Regulatory Priorities reports for the wholesale buy side and wholesale markets sectors.

On the buy side, it wants to prioritise:

• evolving regulation to foster growth and innovation and service changing consumer needs;
• delivering good outcomes to consumers – including progressing its multi firm review of model portfolio services;
• reinforcing consistent and high standards across private market investment, including looking at conflicts management; and
• preserving market integrity and resilience to disruption.

For wholesale markets, the priorities are:

• improving the resilience of firms and markets;
• enhancing efficient, competitive and innovative markets;
• enabling the safe and responsible adoption of new technology;
• preventing financial crime and market abuse; and
• ensuring firms effectively manage conflicts of interest and conduct oversight.