On 27 March 2018, the FCA issued Guidance Consultation 18/1: Proposed guidance on financial crime systems and controls: insider dealing and market manipulation (GC18/1).

The FCA is proposing to update the financial crime guide for firms (Guide) with an additional chapter on insider dealing and market manipulation. The new chapter will outline the FCA’s observations of good and bad market practice around the requirement to detect, report and counter the risk of financial crime, as it relates to insider dealing and market manipulation. Therefore the proposed guidance will be of interest to firms who are subject to the financial crime rules in SYSC 6.1.1R and who arrange or execute transactions in financial markets. The FCA is also proposing minor amendments to other parts of the Guide to reflect recent regulatory changes and ensure the Guide remains up-to-date.

The deadline for comments on GC18/1 is 28 June 2018.