market abuse

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Risk Reporting challenges Algo Trading Firms

By Geraldine Gibson, CEO, AQMetrics Sweeping new rules and technological advances have given regulators unprecedented insights into the markets they’re charged with overseeing. A constant stream of high-quality information from exchanges around the world is arming regulators with the analytics … More


Best Execution, Blog, MAD II

ESMA Publishes MAD/MAR Q&A

The European Securities and Markets Authority (ESMA) has published a Q&A document regarding the implementation of the Market Abuse Regulation. The purpose of the document is to promote convergent implementation and application of the market abuse regime. The document is aimed … More


Blog, MAD II

Financial Services and Markets Act 2000 (Market Abuse) Regulations 2014 come into force

The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2014 come into force next month on 15 December: see here for more details. The purpose of the Regulations is to extend the prohibition on market manipulation in section 118(8) of the Financial Services and … More


Blog, MAD II

The FCA plans a new review of market abuse controls in asset managers

The Financial Conduct Authority (FCA) has announced its thematic supervisory plans for 2014 / 15 as a central part of its annual Business Plan published on the 31st March 2014. The supervisory plan contains much that will be of relevance … More


Blog, MAD II

Dear CEO – how is your firm’s Market Abuse STR reporting practice?

On the 7th of January 2014, a ‘Dear CEO’ letter was sent to credit institutions and investment firms in Ireland regarding a thematic inspection on Market Abuse related suspicious transaction reporting which was undertaken by the Central Bank of Ireland in 2013. … More


Blog, MAD II

ESMA publishes a Discussion Paper on the new Market Abuse Regulation

The European Securities and Markets Authority (“ESMA”) has published a Discussion Paper setting out its initial views on the implementing measures it will have to develop for the new Market Abuse Regulation (“MAR”).  MAR aims to enhance market integrity and … More


Blog, MAD II

ESMA begins preparatory work for a new Market Abuse Regulation

This month ESMA published a Discussion Paper setting out its initial views on the implementing measures it will have to develop for the new Market Abuse Regulation (MAR). The aim of this new MAR is to enhance market integrity and investor protection. … More


Blog, MAD II, MiFID II

Market Abuse Regulation update

The European Parliament voted today to formally endorse the political agreement on a Regulation on insider dealing and market manipulation (i.e. market abuse) to tackle market abuse more effectively, subject to alignment with the final political agreement on MiFID II … More


Blog, MAD II

Brokers and DMA providers expected to ensure that their clients implement appropriate market abuse monitoring, controls and reports

Following the decision of the Upper Tribunal with regards to FSA fines against a Canadian trading firm for market abuse and dated 23 January 2013, the FSA urged other market participants to take note of this judgment which makes it … More


Blog, MAD II

Agreement on a general approach to Market Abuse

On  07th December 2012, at a meeting in the Council of the European Union, the European justice ministers approved a general approach on a draft directive to penalise market abuse (MAD II), namely insider trading and market manipulation. The proposed … More