Market Abuse

Course Overview

Market abuse has been a key area of focus for the regulator since the introduction of MAR (EU Market Abuse Regulation) in 2016. The FCA has subsequently made changes to its handbook based upon consultation papers and feedback from stakeholders. Disclosure Rules have been replaced with signposts to EU Articles, Technical Standards and ESMA guidelines. The FCA continues to amend its guidance in this area.

In response to market abuse failures the regulator is applying a range of punishments and fines to both individuals and firms. These include:

• Unlimited regulatory fines for both firms and individuals
• Imprisonment
• Withdrawal or variation of the firm’s authorisation
• Barring of individuals from working in financial services
• Reputational damage

It is therefore important that all members of staff are fully aware of their responsibilities regarding market abuse and its prevention. Firms are responsible for the competence of the staff that they employ. One person acting inappropriately could cause reputational damage for an entire company.

Learning Objectives

This course highlights the offences constituting market abuse using recent and relevant examples and case studies. A proper understanding of the subject provides delegates with the confidence to address market abuse and to respond in a manner that meets regulatory expectations.