Better protection for investments, UK regulator claims

Tue, 22 Mar 2005

The Financial Services Authority (FSA) has published the final rules and guidance for implementing the Market Abuse Directive (MAD).

MAD, a key element of the EU Financial Services Action Plan, aims to prevent and detect market abuse as well as ensure that there is a proper flow of information in the market.

Hector Sants, managing director of FSA's Wholesale Business Unit, said: "The FSA has sought to ensure that the flexibility of the current market abuse is retained.

"We are confident that our approach to implementation will ensure that UK financial markets retain their deserved and hard won reputation for being orderly and fair."

In addition, MAD has also provided new measures to help detect and prevent market abuse, which includes providing a list of persons who have insider information, disclosure of managers' deals as well as reporting of suspicious transactions .

The UK's market abuse regime is expected to continue to apply to all markets that are currently under the Financial Services and Markets Act.

All financial instruments admitted to trading on a regulated market including OTC trading in these instruments will also come under the regulation.

add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.

 

 

Investments Newsletter

Investments Newsletter