The new rules create a long list of extra administrative duties. For instance, the number of fields on a form required by a banker to fill out after a call with an investor had now risen from nine to 31. So far there is a lack of consensus on best practice, which is forcing all involved to err on the side of caution
The FCA has made clear that it is focusing on firms’ systems and controls to prevent market abuse, and that it places as strong an emphasis on identifying weaknesses in regulated firms’ controls as it does in pursuing market abuse. So authorised firms in the UK have been developing their automated surveillance systems to ensure that suspected market abuse can be readily identified.
Nor is Brexit likely to offer an escape hatch. In order for UK-based financial institutions to be able to have access to the single market, whether it be through membership of the single market, bilateral trade deals or a customs union, the European Union will very likely require the UK to maintain a market abuse regime which is compatible with the requirements of MAR.
Achieving what is required in implementing all this regulation is daunting for the compliance function across a range of financial institutions. Through a mixture of presentations and interactive panel sessions from policy makers, industry practitioners and leading experts in the field, this conference, the fifteenth in the series, aims to alleviate this task.
The sessions will be as follows:
Management and members of the compliance departments and in-house legal teams within all financial service firms and their legal advisers.
This conference is accredited by both the Solicitors' Regulation Authority and the Securities and Investment Institute for 6 Continuing Professional Development Points.
Thursday, November 10, 2016 8:45 AM - 4:15 PMGMT Time
The Hallam Conference Centre44 Hallam StreetLondon W1W 6JJ