Deep Dive: FCA private market review a 'wake-up call' for asset managers

‘Step in the right direction’

Eve Maddock-Jones
clock • 3 min read

The Financial Conduct Authority’s upcoming review into private market valuations will lead to increased scrutiny on firms’ processes for investing in unlisted assets, especially concerning potential conflicts of interest, experts told Investment Week.

The lead UK regulator revealed it was preparing to run a full-scale review into private markets valuations in the latter half of 2023 as part of a joint evaluation with international regulators of the risks the non-bank sector could pose to financial stability. Prashant Gupta, associate director at Acuity Knowledge Partners, said the initiative evidenced "the importance of private markets maintaining robust and transparent internal valuation procedures". Although the full scale of the inquiry has yet to be revealed, Stewart Heggie, commercial director for Scottish Mortgage, said the F...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


Eve Maddock-Jones
Author spotlight

Eve Maddock-Jones

Features Editor at Investment Week