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Clifford Chance

Clifford Chance


Market abuse systems and controls must go beyond MAR

29 March 2018

On 27 March the UK Financial Conduct Authority ("FCA") published draft amendments to its Financial Crime Guide making clear that systems and controls relating to market abuse need to go beyond the requirements of the Market Abuse Regulation ("MAR"). Authorised firms must ensure that their systems and controls are sufficient to counter market abuse, not just to detect and report it. The FCA emphasises the need for senior management understanding of the law relating to market abuse and the ways in which it may occur.

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