UK regulator the Financial Conduct Authority (FCA) appointed members to its Secondary Markets Advisory Committee on Tuesday for the July 2026 to July 2028 term. The committee will expand from 25 to 27 members and will be chaired by FCA director of Infrastructure & Exchanges Jon Relleen.
The FCA said the committee backs its work on wholesale secondary markets in equities, fixed income, foreign exchange and commodities, spanning securities, futures, swaps and options. Among its responsibilities are “identifying market changes, trends, and risks that may affect the proper functioning of secondary markets” and supplying data and analysis in support of policy reforms.
The 27-member panel draws from venues, banks, market makers, infrastructure providers, and end-users. Representatives include figures from the London Metal Exchange, London Stock Exchange Group, CBOE Europe, J.P. Morgan, Morgan Stanley, Jane Street, Citadel, TP ICAP, Bloomberg, and BP.
The committee was established in 2022, with each term running two years. The previous term, which ran from June 2024 to June 2026, was chaired by Mel Gunewardena, then senior advisor to FCA CEO Nikhil Rathi. Relleen worked closely with that committee in his Infrastructure & Exchanges role before taking the chair formally for this term.
