In its first business plan, the FCA promised to continue to treat market abuse as a priority. Last week, the FCA published details of its first successful enforcement action against a high frequency trader, and today, made four further insider dealing arrests, demonstrating the FCA's commitment to tackle market abuse with at least as much determination as its predecessor. Firms should be considering their response to the many developments in the market abuse regime and where appropriate, making adjustments to policies, procedures, systems and controls.
Our briefing, which aims to assist firms in responding to these developments, considers:
- The regulation and enforcement of market abuse under the new regulatory architecture
- Changes to the criminal market manipulation offences
- Recent criminal prosecutions
- Recent cases involving market manipulation and disclosure of inside information
- Best practice in market soundings
- When steps preceding a decision may constitute inside information
- Developments in the suspicious transaction reporting regime
- The status of reforms to the Market Abuse Directive
Disclaimer
The articles published on this website, current at the dates of publication set out above, are for reference purposes only. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action.