Market Abuse Regulations - A Look Back and Ahead

Regulators in the US, Europe and the UK are keeping a close eye on the activities of financial services firms and their employees to detect market abuse, including insider dealing, unlawful disclosure of insider information and market manipulation.

• In December 2022, the FCA fined three broker firms £4,775,200 for failures relating to the detection of market abuse
• In Europe, ESMA issued 366 penalties totaling over €54 million in 2021/2022 for criminal and administrative MAR deficiencies
• In the US, the SEC fined a large global firm $200 million for the sharing of sensitive business matters through employees' personal devices

These recent fines serve as a warning that firms must review their policies and procedures around trade surveillance, management of Material Non-Public Information (MNPI) and record keeping.

Join MCO and Katharine Leaman, Managing Director at Leaman Crellin, to learn more about current market abuse enforcement trends plus guidance on where compliance should focus in 2023, including:

• Armchair retail trading: risks and regulation
• ESMA campaign on Market Abuse
• Recent fines for Market Abuse and lessons learned
• The sharing of MNPI and how to protect your firm
• The year ahead - what firms should be doing

There will be plenty of opportunities for Q&A, so please let us know your questions when you register.