UK’s FCA Weighs Compulsory Disclosure for Private Credit Firms

The Financial Conduct Authority is considering implementing a quarterly disclosure regime for private credit firms operating in the UK, requiring them to disclose portfolios, valuations and terms.

Collecting data in a timely and accurate way “will maintain the UK’s position as a world-leading asset management center,” said a spokesperson from the FCA. “Better data means we can supervise risks effectively, support market confidence and identify opportunities for growth.”

The potential move, first reported by 9fin, follows several turbulent months for private markets, when investors rushed to pull money from private credit funds following the so-called SaaSpocalypse. The downfall of ...