Market Abuse 2 - Planet Compliance

ESMA updates on how to handle investment recommendations under MAR

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The European Securities and Markets Authority (ESMA) has issued today a Questions & Answers (Q&A) document regarding the implementation of the Market Abuse Regulation (MAR). The purpose of this Q&A document is to promote common supervisory approaches and practices in the application of the MAR and its implementing measures. Today’s Q&As include new detailed answers …

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In a nutshell – The US Supreme Court on Insider Trading

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What’s the news? The US Supreme Court yesterday decided in the case of Salman v. United States in favour of insider trading prosecutors. What is it about? Section 10(b) of the Securities Exchange Act of 1934 and the Securities and Exchange Commission’s Rule 10b–5 prohibit undisclosed trading on inside corporate information by persons bound by …

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ESMA clarifies investment recommendations under Market Abuse Regulation

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The European Securities and Markets Authority (ESMA) has today provided an updated to its MAR Q&A that clarifies, which communications should be considered investment recommendation in accordance with the implementation of the Market Abuse Regulation (MAR). ESMA is required to play an active role in building a common supervisory culture by promoting common supervisory approaches …

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ESMA issues final guidelines on inside information and commodity derivatives

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The European Securities and Markets Authority (ESMA) has issued today final guidelines clarifying one element of the definition of inside information in relation to commodity derivatives under the Market Abuse Regulation (MAR). The new market abuse regime strengthens the existing market abuse framework. In particular, with regards to commodity derivatives, MAR is further specifying the …

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ESMA finalises standards on sanctions and measures under MAR

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The European Securities and Markets Authority (ESMA) has issued today final implementing technical standards (ITS) regarding sanctions and measures which will implement the Market Abuse Regulation (MAR). The ITS prescribe how national competent authorities (NCAs) should notify ESMA annually of the investigations they conduct and the sanctions and measures imposed in their Member States under …

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Global Head of FX Cash Trading arrested for front-running and charged with criminal fraud

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The U.S. Department of Justice has published a statement with regard to the arrest of a senior investment banker at JFK airport in relation to allegations of criminal fraud. The head of global foreign exchange cash trading at HSBC Bank plc, a subsidiary of HSBC Holdings plc (collectively HSBC), and HSBC’s former head of foreign exchange cash …

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FCA fines Non-Executive Director for insider dealing and improper disclosure

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The FCA has today fined Gavin Breeze £59,557 for engaging in market abuse in the form of insider dealing and has also publicly censured him for improper disclosure. The FCA found that Mr Breeze, who holds several directorships of private companies and is also a Non-Executive Director of one AIM listed business, attempted to sell …

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ESMA publishes guidelines on market soundings and delayed disclosure under MAR

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The European Securities and Markets Authority (ESMA) has issued today final guidelines clarifying the implementation of the Market Abuse Regulation (MAR) for persons receiving market soundings and on delayed disclosure of inside information. The new market abuse regime strengthens the existing market abuse framework by extending its scope to new markets, platforms and trading behaviours. …

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ESMA clarifies timing of closed period under Market Abuse Regulation

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The European Securities and Markets Authority (ESMA) has updated today its Questions & Answers (Q&As) regarding the implementation of the Market Abuse Regulation (MAR). The updated Q&As deals with the question whether the «announcement» of the interim or year-end financial results determines the timing of the closed period referred to in Article 19(11) of Regulation …

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Ready for the new Market Abuse Regulation? Applicable from 3 July!

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Starting Sunday, 3 July, the new EU Market Abuse Regulation (MAR) is applicable in member states of the European Union. It brings significant changes to the existing Market Abuse regimes and if you haven’t done so yet, you should urgently make adjustments to your internal controls and procedures. Below is a summary of the key …

Ready for the new Market Abuse Regulation? Applicable from 3 July! Read More »

Market Abuse

ESMA updates on how to handle investment recommendations under MAR

In a nutshell – The US Supreme Court on Insider Trading

ESMA clarifies investment recommendations under Market Abuse Regulation

ESMA issues final guidelines on inside information and commodity derivatives

ESMA finalises standards on sanctions and measures under MAR

Global Head of FX Cash Trading arrested for front-running and charged with criminal fraud

FCA fines Non-Executive Director for insider dealing and improper disclosure

ESMA publishes guidelines on market soundings and delayed disclosure under MAR

ESMA clarifies timing of closed period under Market Abuse Regulation

Ready for the new Market Abuse Regulation? Applicable from 3 July!

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