FCA priorities for buy-side and sell-side institutions

The recently published Financial Conduct Authority (FCA) business plan and risk outlook for 2014 contain some instructive pointers for institutions on both the buy-side and the sell-side — in particular highlighting some of the specific areas of forthcoming thematic focus.

The FCA will continue to expect to see firms embedding a culture that promotes clients’ best interests and market integrity. In particular, the regulator will wish to observe demonstrable evidence that clients’ interests feature sufficiently prominently in firm’s business models and strategies and are a central consideration when, for example, a new product or business line is being contemplated.

By its nature, culture can be an inherently difficult concept to measure and gauge. In assessing culture, the FCA will look for certain signs that are often regarded as culturally indicative — for example how a firm responded to a known material regulatory issue. The attached annex suggests some key cultural indicators — providing a practical framework against which firms might usefully benchmark themselves…

Click on the link below to read the rest of the Macfarlanes briefing. 

Sign in or Register to continue reading this article

Sign in


It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer


Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.


Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.


Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from Macfarlanes

View more briefings from Macfarlanes

Analysis from The Lawyer

View more analysis from The Lawyer

Browse This Firm’s


20 Cursitor St

Turnover (£m): 139.75
No. of lawyers: 260