Market abuse

Market abuse guidance:

This Practice Note considers the obligations regarding the disclosure and control of inside information under the Market Abuse Regulation (EU) No 596/2014 (Market Abuse...

Practice Note

This Practice Note focuses on the disclosures required in respect of transactions by a person discharging managerial responsibility (PDMR) and persons closely associated...

Practice Note

Background The Market Abuse Directive (2003/6/EC, commonly referred to as 'MAD') was adopted in 2003 and established a legal framework throughout the European Union (EU)...

Practice Note

The Financial Services and Markets Act 2000 (FSMA 2000) creates a range of criminal and civil/regulatory offences. For further information on civil/regulatory breaches...

Practice Note

The law relating to insider dealing is contained in Part V of the Criminal Justice Act 1993 (CJA 1993). These offences are criminal offences and exist alongside the civil...

Practice Note

This Practice Note considers the obligation of an issuer who issues or proposes to issue financial instruments which are within the scope of the Market Abuse Regulation...

Practice Note

FORTHCOMING CHANGE: On 23 November 2018, the FCA published consultation paper CP 18/36 on Brexit: Proposed changes to the Handbook and Binding Technical Standards—second...

Practice Note

Please note that the contents of this Practice Note reflect the former market abuse regime in effect in the UK under the Market Abuse Directive (2003/6/EC)...

Practice Note

Please note that the contents of this Practice Note reflect the former market abuse regime in effect in the UK under the Market Abuse Directive (2003/6/EC) (MAD) that was...

Practice Note

Brexit impact The operation of the UK market abuse regime may be affected by Brexit. For further details on this and other changes impacted by Brexit, see...

Practice Note

Market Abuse Regulation—background and purpose This Practice Note explains the key features of Regulation (EU) 596/2014 (the Market Abuse Regulation), which repealed and...

Practice Note

Market Abuse Regulation level 2 and 3 measures The purpose of this Practice Note is to provide an overview of the technical standards, technical advice and guidelines...

Practice Note

What is the objective of the Market Abuse Regulation? The Market Abuse Regulation (EU) 596/2014 (Market Abuse Regulation) introduced an updated and strengthened EU market...

Practice Note

This Practice Note provides an overview of the offence of insider dealing as prescribed by the Market Abuse Regulation (EU) 596/2014 (Market Abuse Regulation). Brexit...

Practice Note

What is the definition of a market sounding? Recital 32 and Article 11(1) of the Market Abuse Regulation set out the definition of 'market sounding' as the communication...

Practice Note

The Market Abuse Directive 2003/6/EC (MAD) entered into force on 12 April 2003 and established an European Union (EU) wide regime for dealing with insider trading and...

Practice Note

The Market Abuse Regulation established a common regulatory framework on market abuse, as well as measures to prevent market abuse to ensure the integrity of the EU...

Practice Note

This Practice Note provides a quick guide to the key elements the unlawful disclosure of inside information provisions of Regulation (EU) 596/2014 (the Market Abuse...

Practice Note

Please note that the contents of this Practice Note reflect the former market abuse regime in effect in the UK under the Market Abuse Directive (2003/6/EC) (MAD) that was...

Practice Note

Insider dealing and market manipulation can constitute market abuse. In the UK, there are two distinct regimes running alongside each other which regulate and enforce...

Practice Note

Misleading impressions—elements of the offence The Financial Services Act 2012 (FSA 2012) creates an offence of misleading impressions where formerly under section 397 of...

Practice Note

Offences relating to financial services The Financial Services Act 2012 creates three offences relating to market manipulation where formerly under section 397 of the...

Practice Note

Part 7 of the Financial Services Act 2012 The Financial Services Act 2012 (FSA 2012) introduced new criminal offences relating to financial services of: • making false or...

Practice Note

Implementation of MAR in the UK The Regulation (EU) No 596/2014, Market Abuse Regulation ( MAR) came into force on 3 July 2016 and was implemented directly into the UK....

Practice Note

This Practice Note considers the nature and purpose of stabilisation, the process of stabilisation, the potential offences that may arise when carrying out stabilisation...

Practice Note

This Practice Note considers the process of stabilisation prior to 3rd July 2016 (the date on which the Market Abuse Regulation came into force), including the potential...

Practice Note

The Model Code, set out in the Listing Rules published by the Financial Conduct Authority (FCA), was deleted by the FCA as a consequence of the implementation of the...

Practice Note

ARCHIVED: This archived Practice Note provides background reading on the Model Code and is for background purposes only. The Model Code was deleted by the FCA as a...

Practice Note

Background to the UK implementation of the Market Abuse Regulation The Market Abuse Regulation came into effect on 3 July 2016. It aims to increase market integrity and...

Practice Note