Market abuse

Under fire? The FCA’s treatment of whistleblowers

Sarah Hitchins

The UK’s Financial Conduct Authority (FCA) has been pretty vocal about its expectations about how firms should treat whistleblowers. However, it looks like the tables have been turned on the FCA. Both the Treasury Select Committee and the Complaints Commissioner have recently questioned the FCA’s own approach to handling whistleblowers.   Whistleblowers: A valuable resource Read More

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An insight into recent investigations in France: Key aspects of the AMF’s 2015 Annual Report

Rebecca Harris

On 17 May 2016, the Chairman of the French Autorité des Marchés Financiers (AMF), Mr Gérard Rameix, presented the AMF’s 2015 Annual Report to the media (the Report). The Report outlines the key activities carried out by the AMF over the course of 2015, as well as the regulator’s main objectives for 2016. In particular, Read More

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One ‘Little Tavern’; One large insider dealing ring

Hayley Humphries

The sophisticated investigative and surveillance methods used in Operation Tabernula (summarised below) evidence how, as Mark Steward (Director of Enforcement at the Financial Conduct Authority (FCA)) put it, ‘the FCA will not tolerate sophisticated predatory criminals abusing our markets’. In this blog post, we provide an overview of Operation Tabernula – the FCA’s longest-running and Read More

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Market abuse controls: The FCA really means business

Sarah Hitchins

Suspicious Transaction Reports (STRs) once again dominated the latest issue of the UK Financial Conduct Authority’s (FCA) Market Watch Newsletter published the other week. Based on its review of 38 firms in 2015, the FCA continued to voice concerns that there is a general ‘under-reporting’ of suspected market abuse across most asset classes. The FCA Read More

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What you need to know about the FCA’s Business Plan for 2016/17

Sarah Hitchins

Yesterday, the UK Financial Conduct Authority (FCA) published its Business Plan for 2016/17. The Business Plan sets out a roadmap for the FCA’s principal areas of focus over the coming year. Overall, there was considerably less focus on enforcement action in this year’s Business Plan (perhaps a sign of a changed attitude on the part Read More

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