European Institute of Management and Finance | Market Abuse Regime – Whistleblowing
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Market Abuse Regime – Whistleblowing

Businessman blurting by phone (focus on the man)

New Market Abuse Regime on Whistleblowing

The Market Abuse Regime seeks to increase market integrity and investor protection, while ensuring a single rulebook and level playing field across the European Union. The Market Abuse Regime strengthened the existing EU market abuse framework by extending its scope to new markets, new platforms and new behaviours. The legislation contained prohibitions for insider dealing and market manipulation, provisions to prevent and detect these.


In January 2017, the Cyprus Securities and Exchange Commission (CySec) issued a circular on persons wishing to report cases of actual or potential infringements – commonly referred to as whistleblowing. The aim of this workshop is to review the new whistleblowing provisions, their application and the impact of an incentive regime.

Seminar Content:

Session I         Market Abuse Overview & Update


  • Clarify the European Market Abuse Requirements
  • Identify practical market abuse case studies in relation to insider dealing and market manipulation
  • Illustrate real-world examples of market abuse and global trends


Session II        Regulatory Changes – Whistleblowing


  • Establish key MAD II regulatory requirements including market soundings, investment recommendations and managers transactions
  • Summarise the new provisions for whistleblowing, requiring employers to have appropriate controls in place for employees to report infringements of the regulation.
  • Examine the detail of CySec Circular C177 outlining the procedures for the “Whistleblowing External Disclosure Form


Session III       Monitoring & Surveillance


  • Discuss risks for monitoring & surveillance market abuse and whistleblowing
  • Analyse real world example’s of whistleblowing issues including Barclays
  • Investigate tools including management information that can support the business in building an effective monitoring and surveillance programme

Who should attend:

This workshop is to support those with the responsibility for the oversight of financial crime including senior managers, regulatory risk, audit, compliance and those at the cold face.

Registration Form

Register Here

If you need help completing the online registration form, please give us a call at 2227 4470 or email us at 

In-House Training

If you would like to discuss bringing this or another topic to your organization on an in-house basis please call us at 22274470 or email us at


Vivienne Bannigan

Vivienne has over 17 years’ experience in Wholesale Capital Markets in both the public and private banking sector in the UK and global markets. Vivienne advises senior management on regulatory policy changes, facilitating the design and delivery of policy and practical frameworks to manage regulatory and operational risk. Vivienne worked on the Market Abuse Directive while and associate at the Financial Services Authority, now the Financial Conduct Authority (FCA), and while being lead Policy Directive for MiFID II at the British Banker’ Association (BBA) supported members and colleagues with Market Abuse related issues. Since March 2015 Vivienne has been designing and delivering bespoke workshops for market abuse.  Vivienne is passionate about education and empowering firms and individuals to be able to manage regulatory and operational risk in a practical manner.