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FCA Wholesale Buy Side Regulatory Priorities 2026: Key points and practical implications

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The report is a useful indicator of where the FCA expects firms to focus now.

The FCA’s Wholesale Buy Side Regulatory Priorities 2026 report is part of its new annual sector-reporting model, replacing the old portfolio-letter approach. It is addressed not only to asset managers, but also to custody and fund services providers. The regulator also says firms should consider its related pensions and consumer