Financial Conduct Authority (FCA), Regulatory Reform, Investors

FCA plans to modernise client categorisation rules

A&O Shearman on 7/23/2025

The UK Financial Conduct Authority has announced plans to review its client categorisation rules to unlock more investment opportunities for wealthy investors and support capital markets...more

FAQs – What US Clients Need to Know About PISCES – A New Secondary Private Stock Market in the UK

Mayer Brown on 7/17/2025

WHAT ARE THE KEY DRIVERS FOR REFORM? The UK Treasury ("HMT") noted the following as drivers for reform: A key challenge for private companies is that, at early stages in their growth, there are no standardised ways...more

PISCES: Sandbox

Orrick, Herrington & Sutcliffe LLP on 6/16/2025

RECAP Private Intermittent Securities and Capital Exchange System (PISCES) Regulations (SI 2025/583) are now in force. PISCES is not a stock market; it is a regulatory sandbox for those market participants who want to set up...more

FCA supports move towards faster settlement cycle for fund trades

A&O Shearman on 6/9/2025

The UK Financial Conduct Authority (FCA) has published a press release welcoming a joint statement from asset management trade associations supporting the transition to faster settlement of trades in funds. Effective from 11...more

Helping consumers navigate their financial lives: The FCA’s Strategy for 2025 – 2030

A&O Shearman on 5/13/2025

The UK Financial Conduct Authority (FCA) has outlined its strategy for the next five years, reaffirming its commitment to prioritising consumer interests. Building on the foundation laid by the previous strategy, which...more

UK FCA concludes consumer investment policy sprint

A&O Shearman on 4/21/2025

The UK Financial Conduct Authority (FCA) has announced the conclusion of its six-week policy sprint aimed at improving consumer investment decisions to support its key objective of supporting growth. With only 9% of UK...more