MyComplianceOffice Blog

The European Commission has published a report regarding the implementation of CSMAD - Criminal Sanctions for Market Abuse Directive.

The Directive aims to reinforce the market integrity and set rules for criminal sanctions for insider dealing, unlawful disclosure of inside information and market manipulation. It reflects the enforcement that the European Commission is doing to punish the most serious cases of market abuse and ensuring conformity with its provisions throughout the European Union.

On March 23, 2020, the following statement was released from Stephanie Avakian and Steven Peikin, Co-Directors of the SEC’s Division of Enforcement.

The COVID-19 pandemic has brought unprecedented circumstances to the financial services industry and the world around us.

Amy Lynch, CEO of FrontLine Compliance, joined the Human Capital Podcast on March 20 to provide insight on the regulatory impact of the pandemic, emergency relief measures and recent guidance  including Form ADV extensions, Fund Board meetings, Business Continuity Plans, and virtual exams.

Digital transformation is a trend term that we hear a lot among businesses. However, this so-called transformation hasn’t arrived yet in most of the compliance departments. Organizations are implementing digital transformation in other areas, but why not in compliance departments.

Mark Steward, Executive Director of Enforcement and Market Oversight at the FCA recently gave a speech on market integrity. In his speech, Mark Steward discussed the importance of firms having a smart market abuse risk assessment to comply with MAR, regulatory challenges and capabilities to detect market abuse.