In this episode, Clara speaks with three senior representatives from the UK’s Financial Conduct Authority (FCA): Sarah Hone, Head of Primary Market Oversight; Daniel Holmes, Technical Specialist in the Primary Market Oversight Team; and James Hunt, Technical Specialist in the Listings Department.
Together, they unpack one of the most significant periods of reform in UK capital markets, from the shift to a disclosure-based listings regime, to the 2026 prospectus reforms, to market abuse risks, short selling transparency, ESG disclosures, and the growing role of AI.
The conversation offers a rare behind-the-scenes view of how the regulator monitors live markets, maintains market integrity, and balances speed, innovation, and investor protection and what this means in practice for issuers, sponsors, and investor relations teams.
