Highlights from FCA Market Watch 69: The need for regular market abuse risk assessmentsįCA's Market Watch 69 highlights the requirement for firms to carry out regular market abuse risk assessments to ensure effective surveillance coverage. It is worth noting that many firms have struggled to implement effective surveillance procedures for a number of reasons which you can read about in our recent blog " Why firms need to enhance their UK MAR compliance" written together with GRSS. These measures should be appropriate and proportionate to the scale, size and nature of the firm's business activities. The newsletter highlights that certain firms are less effective at identifying the market abuse risks they are exposed to - making it clear that effective surveillance isn't just a requirement for tier 1's but for "all firms subject to surveillance requirements under Article 16(2) of UK MAR."Īs a reminder, UK MAR requires firms to identify and report instances of potential market abuse and have in place effective arrangements, systems and procedures for surveillance. The FCA has published its 69th Market Watch Newsletter, discussing firms’ arrangements for market abuse surveillance - drawing on their observations from engaging with small and medium-sized firms.įCA's Market Watch 69 highlights the regulator's concerns over firms' ability to meet their obligations under the UK Market Abuse Regulation ('UK MAR'), particularly for small and medium-sized firms.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |