The events in Ukraine are having a significant impact on financial markets. In the UK, the FCA recently issued a statement reminding issuers of securities admitted to UK trading venues of their disclosure obligations under the UK Market Abuse Regulation. More widely, the FCA will be keeping a close eye on market conduct during this period and may investigate and take enforcement proceedings in cases involving market manipulation.
In November 2021 we published on Thomson Reuters Practical Law a guide for banks’ legal and compliance departments on manipulative trading practices.
The guide explains:
- How to recognise manipulative and deceptive trading practices, the different types of market manipulation and key indicators.
- How to respond to suspected market manipulation.
- Suggested procedures and controls.
The guide can be found here.