A recurring concern has emerged among private equity sponsors and secondaries market participants following a regulatory update issued around 18 months ago: that the UK’s change-in-control and qualifying-holding approval regime is unduly burdensome.
Private market participants have shared worries that the regime administered by the Financial Conduct Authority and, where applicable, the Prudential Regulation Authority impedes execution speed, deal certainty and the UK’s competitiveness as a destination for private capital.