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Market Abuse Controls in Asset Management Firms

What has happened?

Certain firms have recently been selected to respond to an online FCA questionnaire regarding market abuse controls in the asset management sector. This questionnaire is part of a market-based review by supervisors in the FCA’s Asset Management Department.

The questionnaire looks at how asset management firms identify and control the risks of insider dealing, improper disclosure and market manipulation, including their consideration of reporting suspicious market activity where appropriate. It will help the FCA evaluate how firms have taken on board the findings of the 2015 FCA thematic review Asset management firms and the risk of market abuse (TR15/1), as well as the Market Abuse Regulation (MAR) that took effect in July 2016.

Firms are being asked to complete the questionnaire no later than three weeks from the date of the FCA email introducing it.

How Thistle can help you?

Thistle can provide a full range of compliance services, including advice on the Market Abuse Regulation and SYSC, help with FCA or PRA authorisation, advice on how to improve your systems and controls, past business and complaint handling reviews and remedial solutions.