FCA expands Secondary Markets Advisory Committee membership
FCA appointed new members to its Secondary Markets Advisory Committee for July 2026–July 2028, increasing membership from 25 to 27.
The expanded advisory committee will inform FCA policy on wholesale secondary markets across multiple asset classes. Firms active in these markets should track committee agendas as leading indicators of upcoming market structure and conduct reforms.
Committee provides early insight into FCA thinking on secondary market structure, transparency, and conduct standards impacting wholesale participants.
Action Required
Monitor committee outputs for signals on FCA policy direction across equities, fixed income, FX, commodities, and derivatives markets.
Governance signal relevant to firms seeking to anticipate FCA wholesale market policy priorities over the next two years.
Advisory committee refresh signals continued FCA engagement on secondary market policy. RCSA should ensure horizon scanning captures committee outputs and integrates them into wholesale markets regulatory change planning.
“The FCA has appointed members to its advisory committee on secondary markets for the period July 2026 to July 2028. The committee will increase from 25 to 27 members. The Secondary Markets Advisory Committee supports the FCA’s work in wholesale secondary markets in equities, fixed income, foreign exchange, and commodities markets across securities, futures, swaps, and options markets.”