Course Code

  • 18MAR

Venue

  • City of London

CPD Credits

  • 3
Download PDF Get this course in-house

Or call 0203 178 4230 or email info@fstp.co.uk today.

Course Overview

Market Abuse is a key area of focus for the regulator, and this shows no sign of changing. Especially with the introduction of the new EU Market Abuse Regulation (MAR), taking affect across the UK from the 3rd July 2016. This new regulation will replace the Market Abuse Directive, rules regarding inside information in DTR 2, the dealing of directors and others responsible for discharging managerial responsibilities in DTR 3 as well as the Model Code.

 

The FCA has made changes to its handbook based on the feedback received from the Consultation Papers. The Disclosure Rules have been replaced with signposts to the EU Articles, Technical Standards and ESMA guidelines. The FCA is also amending its guidance in this area.

With the regulator applying a range of punishments and fines to both individuals and firms regarding Market Abuse failures, including:

  • Unlimited Regulatory Fines for both firms and individuals
  • Imprisonment
  • Withdrawal or variation of the firms authorisation
  • Bar for individuals from ever working in the financial services industry again
  • Reputational damage

It is vitally important that all members of staff are fully aware of their responsibilities regarding this area. Also they need to be completely up to date with the changes and how each of these can impact on them and the firm. Firms are responsible for the competence of the staff they employ. One person acting inappropriately could cause reputational damage for the firm that they work for.

Benefits

This half day session will highlight the offences of Market Abuse to your staff using recent and relevant events as examples. Providing them with the confidence to address any sensitive issues and respond in an appropriate manner that meets the regulatory expectations.

  • Recap the main offences of Market Abuse with worked examples
  • Regulatory focus on financial crime and particularly the issue of Market Abuse
  • Recent cases of Market Abuse and discussion about systems and controls to prevent them
  • Individual roles and responsibilities as Approved Persons
  • Case studies based on private client business model and where and when Market Abuse is likely to take place
  • Next steps
  • What will we do differently

The Course Agenda

Insider Dealing

  • Understand what constitutes insider dealing and the implications that are involved.

Market Abuse

  • Gain an overview of all the offences that can contribute to market abuse
  • How to identify these offences
  • Your responsibilities in implementing appropriate systems and controls to prevent Market Abuse

Future Developments

  • An overview of the potential changes that are forecast from the regulator, and the areas of focus that they have identified

Financial Crime

  • Understand all the potential elements that can constitute financial crime
  • How to identify the various aspects of financial crime and raise suspicion of any of these activities
  • Steps that can be taken to reduce the impact of being affected by financial crime

Exercises

  • Understanding the areas of your business that are at risk of fraud
  • How to identify possible financial crime/fraud risk
  • Scenarios to help build your confidence in identifying and reacting to financial crime/fraud risk
Download PDF Get this course in-house

Or call 0203 178 4230 or email info@fstp.co.uk today.

Meet The Tutor

Ian Richardson

Senior Associate

Ian Richardson has over 30 years experience in the Investment Industry as both a practitioner and in a
variety of senior management roles.

An experienced trainer, Ian’s technical and compliance knowledge is both extensive and current. He regularly lectures for the Chartered Institute of Securities and Investments on FCA Regulation & Compliance, Securities and Investment Principles and Risk. He co-authored the PCIAM approved textbook and over recent years has successfully coached many experienced portfolio managers through this examination and many others for RDR purposes.

Who is this course for?

It’s perfect for anyone who receives or prepares board papers, including:

• Chairman
• Company Secretaries
• Executive/Non-executive Directors
• Significant Influence Functions  holders in FCA regulated firms
• Senior Compliance and Business Managers

Training that makes a difference

Experienced engaging trainers

With first hand industry knowledge and an intimate understanding of the regulatory environment, we always guide you with an expert (and friendly) hand.

Packed with relevant information

We know you’re busy, so we’re careful not to waste a minute of your time. Our training courses are fast paced, insightful and filled with valuable information.

Get personalised attention

Sessions are practical workshops not PowerPoint lectures. All courses are limited to no more than 14 attendees, so we’re able to explain concepts in the context of your business.

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