FCA consults on Financial Crime Guide and market abuse

Published: 08 May 2018


On 28 March, the UK Financial Conduct Authority (FCA) published draft amendments to its Financial Crime Guide for firms (the Guide) making clear that systems and controls relating to market abuse in fact may need to go beyond the requirements of the Market Abuse Regulation (MAR). The key element that goes beyond that contained within MAR is the proposed requirement that firms ensure that their systems and controls to counter market abuse, not just to detect and report it. The FCA also emphasises the need for senior management understanding of the law relating to market abuse and the ways in which it may occur. Comments in response to the draft amendments are requested by 28 June 2018.

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