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Market abuse

FCA enforcement priorities during and after the pandemic

A number of weeks into the Covid-19 pandemic, the FCA has, as you would expect, produced guidance and information for firms, including warnings in this week’s Market Watch 63 about FCA expectations around market conduct. So have the FCA’s enforcement priorities changed? In short, no. But they have adjusted. The FCA’s Covid-19 webpage updates the Read More

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SEC urges companies applying for filing extensions to guard against increased insider-trading risks under U.S. Federal Securities Laws

Federal regulators in the United States are moving quickly to respond to the Covid-19 coronavirus. As part of its Covid-19 coronavirus relief measures, the SEC now permits companies to apply for 45-day filing extensions In recent weeks, the U.S. Securities and Exchange Commission has implemented new relief measures for companies experiencing difficulties meeting their obligations Read More

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FCA annual report 2017/18: Enforcement highlights

Yesterday afternoon the UK Financial Conduct Authority (the FCA) published its Annual Report. Alongside the Annual Report, the FCA also published its usual Enforcement Annual Performance Report (the Report), which sets out an overview of the FCA’s enforcement activities during 2017/18. Set out below are some of the key points highlighted by the Report.   Read More

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Market abuse controls: Global approaches vs. local requirements – which one wins?

The UK FCA recently imposed a financial penalty of just over £1 million on an online brokerage firm for failing to have adequate controls to identify and report potential market abuse. Each of the FCA’s findings can be traced back to one root cause: reliance on a global approach to identifying and reporting market abuse, Read More

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Prevention is better than the cure: Lessons from the FCA’s comments on market abuse controls among market makers

The latest comments from the UK Financial Conduct Authority (the FCA) on market abuse controls among registered market makers in small and mid-cap equities, in Market Watch 51, bear out the FCA’s continued commitment to improving firms’ preventative measures and, more importantly, recommends those improvements needing to be made most. The area of small and mid-cap Read More

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