PRIVATE MARKETS
Regulation for alternative assets
Applying regulation to Private Markets scenarios can be more complex as the rules aren't always written with alternative assets in mind. Adempi's Private Markets team brings decades of specialist experience working across Private Equity, and Debt, Venture Capital and Real Estate and Infrastrucre.
Whether it analysing the new expectations around valuations and conflicts, training teams on best execution for unlisted securities or helping firms launch High Risk Investments, we're on hand to assist.
Our compliance consultants have sat on both sides of the desk – as regulators, in-house compliance officers, and trusted external advisors – giving us unique insight into what good looks like in your sector. We deliver practical, commercial compliance solutions that protect your firm while enabling your business goals.
PRIVATE MARKETS COMPLIANCE EXPERTISE
HOW WE SUPPORT PRIVATE MARKET FIRMS
Keep Ahead of Change - Be Regulatory Ready
Adempi's track record of helping private market firms navigate regulatory change and apply the current regime is unparalled. If it relates to FCA regulation and private markets we have probably done it before. We also help service providers like custodians, auditors and fund administrators who are also need to understand the regime for private markets.
Here are some recent ways Adempi has provided compliance support to private markets firms:
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AI governance review for a private markets investor
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Mock FCA visit for alternative equity investor
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Financial crime audit for the private credit arm of an investment firm
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Guiding real estate investors on the regulatory treatment of different investment vehicles
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Valuations and conflicts gap analysis for a full scope AIFM in private markets
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Investment committee reviews for venture capital
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Regulatory due dilligence on aqusititons in financial services companies
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Launches of new infrastructure funds
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Authorisation of new private equity manager
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User journey reviews for High Risk Investments compliannce
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Supporting appointed representatives and their Principal firms
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CASS training for private markets custodians and auditors
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Secondments into venture capital managers compliance team
WHY CHOOSE ADEMPI PRIVATE MARKETS COMPLIANCE
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Sector specialists: Our consultants have deep expertise in PE, VC, Credit, Infrastructure and Real Estate regulations
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Practical solutions: We deliver commercial advice that works in the real world
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Senior-led service: You'll always work directly with experienced practitioners
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Tailored approach: We understand no two firms have identical needs
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Regulatory insights: Our team speaks regularly to the FCA specifically about how regulation impacts Private Markets firms
SUPPORTING THE SECTOR
Our work doesn't stop with clients
Our experience of prvate markets goes deeper than our client work. Our support for the sector includes supporting trade associations on regulatory matters, lobbying the regulator for change and staying abreast of market developments. We also support by offering round table and other knowledge sharing events to our clients and sponsoring the Growth Investor Awards.
Adempi is a member of UK Private Capital Association and sits on its VCT and EIS Committee
Adempi is a long-time member of EISA and our managing partner chairs it's regulatory committee
Adempi is a member of UKSIF, the UK Sustainable Investment And Finance Association
Adempi is a longstading member of the UK Crowdfunding Association (UKCFA)and supports it navigate proivate markets regulation
LATEST PRIVATE MARKETS NEWS
Stay up to date our Private Markets regulatory blogs
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ELEARNING FOR PRIVATE MARKETS
Keen to build regulatory confidence and a culture of compliance with your staff?
Adempi’s award winning eLearning platform has engaging, interactive modules that deliver on learning while also being concise.
Modules that are relevant to your firm's size and what you do in practice can be hard to find. So we have designed a library of content especially for firms in the private markets space. From conflicts of interest to consumer duty, best execution to high risk investments, our eLearning gets to the heart of what your staff need to know.
And of course you can access all of the financial crime and business essentials content you need as well.
FREQUENTLY ASKED QUESTIONS
What are the key regulatory challenges for Private Equity firms in today's environment? Private Equity firms currently face several significant regulatory challenges, including: • Implementing Consumer Duty requirements across portfolio companies • Enhanced ESG disclosure and reporting obligations • Increased scrutiny of financial promotions and marketing materials • Growing focus on operational resilience • Evolving international regulatory frameworks for cross-border operations At Adempi, we help our clients navigate these challenges with practical, proportionate solutions.
FAQ What Private Markets firms do we work with? We support firms across the whole ecosystem, both retail and wholesale faicng. Our client base includes asset managers, investment managers, corporate finance houses and brokers, investment intermediaries, investment platforms, and custody.
How does the SM&CR apply to Private Markets firms? The Senior Managers & Certification Regime (SM&CR) applies differently depending on your firm's FCA classification. Most Private Markets firms fall into the "core" or "limited scope" categories. Key requirements typically include: • Appointing and registering Senior Managers with specific responsibilities • Implementing certification processes for certain staff • Ensuring all staff adhere to the Conduct Rules Our team can help you determine which SM&CR tier applies to your firm and implement appropriate frameworks to ensure compliance.
What should Private Markets firms be doing about ESG regulations? ESG regulations are rapidly evolving for Private Markets firms. Current priorities should include: • Understanding which ESG disclosure regimes apply to your firm and funds or services, including Sustainability Disclosure Regulation and the anti-greenwashing rules, and to your portfolio investments • Developing robust processes for gathering and validating ESG data • Ensuring marketing materials and investor communications accurately reflect ESG strategies • Preparing for increased regulatory scrutiny of ESG claims Adempi helps firms develop practical ESG compliance frameworks that meet regulatory requirements while supporting your investment strategy.
How can Adempi support a Private Markets firm preparing for FCA authorisation? Our authorisation support for Private Markets firms can include: • Pre-application strategy sessions to determine optimal regulatory structure • Development of all required policies, procedures and business plans • Preparation of application forms and supporting documents, or a review of an application you have prepared • Financial projections and capital adequacy assessments • Mock interviews and preparation for FCA meetings • Training and development of team members, including those taking on senior management functions and certification functions • Post-submission liaison with the FCA Our authorisation specialists have an excellent track record of successful applications for Private Markets firms.
What compliance training is essential for Private Markets professionals? Training needs vary across our clients and we are always happy to discuss what will fit your needs. Common training areas for Private Markets professionals include: • Market abuse and insider dealing • Conflicts of interest management, that bears in mind recent FCA focus • Financial promotions and marketing rules • SM&CR responsibilities and conduct rules • Anti-money laundering and financial crime