The FCA publishes changes to the Decision Procedure and Penalties Manual and the Enforcement Guide for the implementation of MAR
July 4, 2016 - Regulatory Updates
The FCA has published a Policy Statement summarising the feedback received to Consultation Paper 16/13, Changes to the Decision Procedure and Penalties Manual and the Enforcement Guide for the implementation of MAR (Market Abuse Regulation) which closed on 22 May 2016.
The feedback has been incorporated into the FCA's changes to the Decision Procedures and Penalties Manual and the Enforcement Guide implementing the EU MAR, which has been applied since 3 July 2016.
The Policy Statement will be relevant to firms or individuals who directly or indirectly deal in, or any firm which issues financial instruments (FI) which are:
- Admitted to trading on a regulated market or for which a request for admission to trading on such a market has been made
- Traded on a Multilateral Trading Facility (MTF), admitted to trading on a MTF or for which a request for admission to trading on a MTF has been made
- Traded on an Organised Trading Facility
- Not admitted to trading on one of those facilities but the price or value of which depends on or has an effect on the price or value of an FI
For further information and to access the policy statement, please click here.