The Financial Conduct Authority (FCA) expects private markets firms to show that their conflicts of interest arrangements have kept pace with the growth and complexity of their business, and its latest review found that this is not always the case. Published on 23 October 2026, the FCA's multi-firm review of conflicts of interest in private markets found good practice across the sector but considerable variation in standards, with recurring weaknesses in cross-fund and contin

Stock chart representing the FCA's review of AI in financial services

On 10 August 2026 the Financial Conduct Authority (FCA) published High-growth firms: good and poor practice, setting out what it found when it engaged with 15 rapidly growing firms between July 2025 and March 2026. The publication introduces no new rules and carries no deadline. It is a statement of supervisory expectation: where governance, risk management and control frameworks have not kept pace with commercial growth, the FCA treats that gap as a source of harm and expect