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The FCA’s PS25/4: Revisiting research bundling in the UK – What fund managers and providers need to know
Published in May 2025, the FCA’s Policy Statement PS25/4 introduced a significant regulatory shift for UK fund managers. While the policy came into effect two months ago, its practical implications are only...
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Talking Regulation
Talking Regulation: PISCES and the rise of secondaries: unlocking liquidity in private markets
On 10 June 2025, the Financial Conduct Authority (FCA) published its much-anticipated final rules for a new type of trading venue: the Private Intermittent Securities and Capital Exchange System — better known...
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Unlocking private markets for the public: The next frontier in UK capital markets
In 2025, one of the most exciting trends in UK capital markets is unfolding quietly but powerfully: retail access to private markets. Historically the preserve of institutions and ultra-high-net-worth investors, private equity,...
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