June 3 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

- Palantir should not have 'significant role' in UK public data systems, MPs say

- Premier League clubs could face legal action over sponsorship deals with crypto firms

- BP held talks about selling £2bn of UK North Sea assets to Ithaca

- South West Water fined record £1.9mn after parasite outbreak

Overview

- Palantir PLTR.O should not have such a "significant role" across sensitive UK defence, health and policing data systems, MPs said.

- The Financial Conduct Authority has warned English Premier League football clubs they could face legal action over "questionable sponsorship deals" with crypto companies that are unauthorised to operate in Britain.

- BP BP.L held advanced talks about selling its UK North Sea assets to Ithaca Energy ITH.L in a near-£2 billion deal.

- Pennon Group-owned South West Water has received a record £1.85 million fine after admitting that it had supplied water unfit for human consumption in south Devon.