Regulators around the world are concerned with the risk of market abuse and market manipulation.
Market Abuse Regulations, includingMAR in the UK, the EU Market Abuse Regulation and Section 204A of the Investment Advisers Act of 1940 in the US, prohibit insider dealing, unlawful disclosure of inside information, and market manipulation.
MCO has partnered with CeFPro to deliver a complimentary Webinar to discuss FCA compliance to Market Abuse Regulation: Identifying conflicts to prevent market abuse.
The Market Abuse Regulation states that firms must take all appropriate steps to identify and prevent or manage conflicts of interest between the firm’s employees, managers, and clients. The regulation was created to make financial markets safer and transparent and further maintain market integrity, increase investor protection and encourage global cooperation.
The Hong Kong Securities and Futures Commission (SFC) recently sanctioned a former chief executive officer of China Rise Securities Asset Management Company and suspended its head of dealing for inappropriate standards of conduct and breaching of the Code of Conduct.
