Reforming UK capital markets to ensure they work well for our economy

AI summary of the source article

In a speech at the Reform of the UK Public and Private Capital Markets Summit, Jon Relleen, director of infrastructure and exchanges at the FCA, discussed multi-year wholesale market reforms aimed at driving economic growth. Working alongside the Treasury, the Bank of England, and the private sector, the FCA has completed key elements of its reform programme while reviewing inherited EU regulations and Wholesale Markets Review proposals. Relleen highlighted that technological advances—including tokenisation, artificial intelligence, and venues for trading private company shares—are now central to the FCA's capital markets policy agenda.

Why it matters

The FCA is actively reshaping UK capital market regulations to adapt to innovations like AI and tokenisation while seeking to support economic growth and preserve market trust.

Key facts

• The FCA has completed major aspects of a multi-year programme to reform UK capital market rules.
• Tokenisation, AI, and markets for trading private company shares have become central to the FCA's policy agenda.
• The reforms are being developed alongside the Treasury and the Bank of England, drawing partly on inherited EU regulation reviews and the Wholesale Markets Review.