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

'There is a crucial need for confidence in the value of private assets'

Eve Maddock-Jones
clock • 3 min read

The Financial Conduct Authority’s (FCA) 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, Eve Maddock-Jones finds...

The 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. Acuity Knowledge Partners associate director Prashant Gupta says 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, Scottish Mortgage commercial director Stewart Heggie says the FCA had "identified ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Routine way of blending multi asset funds keeps biases impacting returns

Routine way of blending multi asset funds keeps biases impacting returns

Scopic Research to update its blending tool to mitigate inherent issue

Hope Coumbe
clock 01 March 2024 • 1 min read
Evelyn MPS team takes 'tentative' steps into Baillie Gifford EM fund

Evelyn MPS team takes 'tentative' steps into Baillie Gifford EM fund

‘It is possible we are nearing a turning point in Asia and emerging markets’

Hope Coumbe
clock 29 February 2024 • 1 min read
RSMR launches Passive Plus MPS range with five portfolios to market

RSMR launches Passive Plus MPS range with five portfolios to market

Range is aimed at advisers who prefer the simplicity of passive funds

Hope Coumbe
clock 29 February 2024 • 1 min read