On 18 March 2024, the Council of the EU adopted a draft Regulation to protect the wholesale energy market against market manipulation.
The draft Regulation will reinforce market surveillance in the European Union and ensure open and fair competition in the wholesale energy markets. This forms part of the EU’s wider electricity market design and
On 14 February 2024, the Financial Conduct Authority (FCA) published Market Watch 77. In this edition of Market Watch, the FCA shares its observations on trade by organised crime groups (OCGs) and how firms can mitigate the risks of being used to facilitate their trade.
Trading by organised crime groups
The
On 30 January 2024, the FCA published Market Watch 76.
In this edition of Market Watch, the FCA shares its observations about ‘flying’ and ‘printing’, and how firms can mitigate the risks of misleading the market by their staff engaging in such behaviours.
‘Flying’ and ‘printing’
As the FCA had previously explained in Market Watch
On 19 December 2023, the FCA published Primary Market Bulletin 46, which focuses on Article 10 of the EU Market Abuse Regulation (MAR) and environmental, social and governance (ESG) stewardship, as well as sponsor procedures in relation to the Task Force on Climate-Related Financial Disclosures (TCFD)-aligned disclosure requirements.
On 31 October 2023, the FCA published Market Watch 75.
In this edition of Market Watch, the FCA shares its observations about market soundings since it published Market Watch 51 and 58. It also reminds firms of the arrangements made by the UK Market Abuse Regulation’s market soundings regime, which provides formalised arrangements for
On 27 September 2023, the City of London Corporation and the FCA announced the launch of an authorised push payment (APP) synthetic dataset to develop products and services that can minimise fraud.
The dataset will be hosted on the FCA’s permanent Digital Sandbox and provides a foundation to better understand how useful data
On 6 September 2023, the FCA published a speech delivered by Sarah Pritchard, Executive Director of Markets and International, at the Financial Crime Summit 2023. The speech addresses calibrating controls to build confident markets.
In her speech, Ms Pritchard makes the following remarks:
On 17 July 2023, the European Securities and Markets Authority (ESMA) published a report on Suspicious Transactions and Order Reports (STORs).
The report provides an overview of how STORs are used across different Member States in the context of the detection and investigation of market abuse, and how their use has
On 26 May 2023, there was published on the legislation.gov.uk website, The Insider Dealing (Securities and Regulated Markets) Order 2023.
This Order updates Schedule 2 of the Criminal Justice Act 1993 (CJA), bringing securities and markets on which an offence can be committed in the CJA broadly in line with the Market
Recently, the FCA published Market Watch 73 which covered the regulator’s market abuse peer review into firms that offer contracts for difference (CfDs) and spread bets. The Market Watch followed the FCA’s earlier Dear CEO letter which was published last December which highlighted the FCA’s expectations of firms offering CfDs (including in relation