Market Abuse & Insider Dealing

Pricing

Cost for BPP PD Members: £490 + VAT 6 CPD Hours
(£615.00 + VAT for non BPP PD Members Click Here for details of our membership scheme).

Delegates

This course will benefit all those who need a comprehensive understanding of the UK criminal and civil market abuse and insider dealing regime and how it impacts the financial services industry. The course will help those attending to understand the expectations of the regulator and assist them to manage the market abuse risk within their business. Case studies and practical examples are used throughout the day to aid understanding of the rules, promote discussion and enable delegates to share best practice

Overview

The new Market Abuse Regulation took effect on 3rd July 2016 introducing a number of changes to the existing civil regime and widening its scope. As a Regulation, the rules take direct effect and are supplemented by Technical Standards and ESMA Guidelines. The course fully explains the structure of the new rules and the impact on the FCA Handbook and the status of The Code of Market Conduct. It may be useful to prospective delegates looking for an update or refresher course as well as those who are new to the area or wish to understand the subject matter in more detail.

Learning outcomes include obtaining a greater understanding of:

Background

  • Historical Context
  • The Legislation
  • The Approach of the Regulator
  • The Civil and Criminal Regimes Contrasted

The Civil Regime under MAR

  • Scope of the New Regime
  • The Regulation, Standards and Guidelines
  • The Role of the Code of Market Conduct

The Civil Offences

  • Insider Dealing & Unlawful Disclosure of Inside Information
    • Safe Harbours:
      • Legitimate Behaviour
      • Market Soundings - Requirements
  • Market Manipulation
    • Safe Harbours:
      • Accepted Market Practices
      • Stabilisation
      • Buy-backs
  • Other Requirements / Preventative Measures:
    • Public Disclosure of Inside Information and Ability to Delay
    • Insider Lists – New Requirements and Harmonisation of Content
    • Suspicious Transactions and Orders Reports (STORS)
    • PDMR’s Restrictions and Notifications

The Criminal Offences:

  • The Criminal Justice Act 1993
    • Insider Dealing
    • Encouraging
    • Disclosure of Inside Information
  • Scope
  • Definitions
  • Defences and Special Defences
  • The Financial Services Act 2012
    • S.89 Making False & Misleading Statements
    • S.90 Knowingly or Recklessly Creating a False Impression
    • S.91 Making Misleading Statements or Creating False Impression in Relation to Benchmarks

Enforcing the Regime:

  • Powers of the FCA
  • Examples of Enforcement Cases
  • The Global Perspective

Delegates may also be interested in attending Introduction to Financial Crime in Financial Services


"A CPD certificate of completion will be provided by BPP Professional Education Limited upon request, following attendance."


Course Dates

Location Dates Time Availability  
London 28 Jun 2018 9:00 AM - 5:00 PM  Spaces Book Now
London 22 Nov 2018 9:00 AM - 5:00 PM  Spaces Book Now

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