The UK’s Market Abuse Regime is continuously evolving through new legislation and case law, with the European Union’s Market Abuse Regulation due to take effect in July 2016. Recent cases show that employees can fall foul of the complexities of the regime, even if they did not set out to act dishonestly; highlighting the need to provide regular and relevant training to staff.
The FCA continues to focus on market integrity via thematic reviews, monitoring and an increasing number of enforcement actions and criminal prosecutions. Hence the reputational risk for firms and the personal risk for staff is high, with penalties including fines, bans and imprisonment.
Complyport consultants include qualified lawyers who can help you navigate through the market abuse regime. We regularly assist with market abuse issues, including:
- Drafting and implementation of Market Abuse policies and procedures;
- Market Abuse Training – both via our online training portal (ComplyTrainer) and face-to-face;
- Advice on responding to FCA market abuse queries;
- Assistance with conflicts of interest gap analysis;
- Market Abuse Healthcheck.