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 ...

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