United Kingdom: Private Markets on the FCA's 2025 Agenda for Asset Management

In brief

The FCA recently published a Dear CEO letter detailing its Supervisory Strategy for the asset management sector. The letter sets out the FCA's five priorities for the sector in 2025, namely:

1. Supporting investment in private markets;
2. Securing positive outcomes for consumers;
3. Supporting market integrity and reducing disruption;
4. Enhancing the UK's reputation for sustainable finance; and
5. Reducing financial crime and market abuse.

Asset managers' boards and senior management should determine their firm's exposure to the risk areas identified by the FCA and consider how best to manage those risks.

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