Training Courses

Financial Services - Market Abuse Workshop

Category: Regulation and Compliance

Course level: Intermediate

In house

This workshop provides a fast-track introduction to the Market Abuse regime and insider dealing.

Objectives

By the end of the workshop, delegates will have a better understanding of:

  • the Market Abuse Directive (MAD)
  • differences between the UK regime and the EU MAD
  • what constitutes market abuse
  • how the FSA enforces the regime
  • penalties for breach
  • potential defences and the market code
  • responsibilities of the individual

Length

2 hours

Course Content

What is market abuse?

Misuse of information
Creating a false or misleading impression
Distorting the market
Incitement
Definitions and examples

What are the criminal offences?

Insider dealing
Tipping off
Incitement
Penalties

Market Abuse Directive

Background to the directive
FSA implementation in the UK
Super-equivalence approach of the FSA
Changes to the ‘regular user’ test
Extension to off-market transactions
Maintaining insider lists
Changes to the FSA MA sourcebook

Code of Market Conduct

What are the penalties?

Compulsory investigation
Criminal vs civil proceedings
Sanctions

Safe harbours

What steps should firms and individuals take to ensure compliance?

This course would be suitable for:

  • HR and training
  • IT and software developers
  • Legal & Compliance
  • Senior managers
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