On the August 4, 2023 the UK Financial Conduct Authority (FCA) published its latest Dear CEO letter, this time setting out its supervisory priorities vis-a-vis Principal Trading Firms (PTTs, also known as “Dealers in principal”). As the name of the category suggests, PTTs are firms that generate much of their
Dealers in principal under the regulatory spotlight
5 min read
High level summary of the FCA’s supervisory priorities vis-a-vis Principal Trading Firms – key takeaways and top tips.