| Commentary

37.3 Consequences of market abuse

| Commentary

37.3 Consequences of market abuse

The Financial Conduct Authority (FCA) is designated as the UK competent authority for the purposes of the Market Abuse Regulation1. As such it is given wide powers to require information from issuers and other persons2, compel the publication of information by issuers and of corrective statements by issuers and other persons3, suspend trading in financial instruments4 and impose penalties, prohibitions and suspensions or restrictions5 for contraventions of the Regulation. The FCA may impose a monetary penalty of such amount as it considers appropriate on any person it is satisfied that6:

  1. 37.3.1

        the person has contravened

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