FCA Proposes New Guidance on Financial Crime Systems and Controls

The FCA is proposing to add a new chapter on insider dealing and market manipulation to its Financial Crime Guide.

Key Points:

..The FCA proposes to add a new Chapter 8 to Part 1 of its Financial Crime Guide, outlining the FCA’s observations of good and bad practice regarding firms’ systems and controls in relation to the requirement to detect, report, and counter the risk of insider dealing and market manipulation.

..The FCA is also proposing to make amendments throughout the Guide to bring it up to date with recent regulatory developments and enforcement cases.

..Comments are requested by 28 June 2018, and the FCA proposes that the new guidance will come into effect on 1 October 2018.

Please see full Alert below for more information.



Article From:- https://www.jdsupra.com

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