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

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