€160
+ VATLive Online
3 CPD Units | 3 Hours
The EIMF Live Online Learning Experience
Participants will receive access to the recorded sessions of the course.
EIMF subject-matter experts deliver engaging and interactive courses across a broad spectrum of areas, that can be enjoyed in the comfort of your own chosen environment. Read more
Course Overview
Market Abuse is a regulatory offense that encompasses various illicit activities aimed at manipulating financial markets for personal gain, as well as undermining the fairness and efficiency of financial markets, posing a threat to the overall stability of the economy.
Market Abuse framework comprises from (i) Regulation No 596/2014 on market abuse (MAR), repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and (ii) Directive 2014/57/EU on criminal sanctions for market abuse (CS MAD), was entered into effect as from 3 July 2016.
Market Abuse framework is a European Union legislative framework and aims to ensure the fairness and stability of financial markets as well as to create a level playing field for all economic operators in the Member States as part of the effort to combat market abuse.
Market Abuse framework merely consists of insider dealing, unlawful disclosure of inside information, and market manipulation.
Regulatory authorities across EU enforce strict rules and regulations and put significant emphasis on their monitoring role in an effort to combat market abuse and protect market participants. Through surveillance and investigation, regulatory authorities strive to identify and prosecute individuals engaged in market abuse activities.
Training Objectives
By the end of the programme participants will:
Understand the concept of market abuse and its different components
Understand the Market Manipulation practices
Know the risk deriving from unlawful actions
Recognise the types of behaviour classed as market abuse
Observe the market rules in relation to insider lists, disclosure of managers’ deals, research disclosures and safe harbours
Understand trade surveillance rules and practices for implementation
Know when and how to report suspicious transactions and blow the whistle
Understand the MAR disclosure requirements
Become familiar with MAR challenges and understand CySEC expectations
Training Outline
Market Abuse Regulation (Regulation 596/2014) (MAR)
General Provisions
Inside information, insider dealing, unlawful disclosure of inside information and market manipulation
Disclosure requirements
ESMA and Competent Authorities
Administrative measures and sanctions
Delegated acts and Implementing acts
Annex I on the indicators of manipulative behaviour
Directive 2014/57/EU (CSMAD) / Market Abuse Law L.102(Ι)/2016
Overview
Insider dealing and market manipulation
Administrative measures and sanctions under the regulation
ESMA’s Report on administrative and criminal sanctions under MAR
Sanctions and measures imposed under MAR
MAR Guidelines Persons receiving / sending market soundings
Compliance and reporting obligations
Guidelines for persons receiving market soundings
Regulation (EU) 2024/2809
Decoding the new changes on MAR framework
Managers’ transactions
Disclosures to issuer’s website and CySEC notification
Monitoring and prohibitions
Trade Surveillance and Market abuse in practice
Practical review of a solution for surveillance
Ensuring that necessary updates are applied on time
Getting the Compliance help and advice from your vendor
Market Abuse strategies i) Front Running, ii) Quote Stuffing, iii) Ping Orders iv) Spoofing, v) Wash trading vi) Pump and dump
Training Style
The training style will include the presentation of all the material using slides and handouts. The trainer will use practical examples to elaborate various concepts and encourage class discussion.
Participants will engage in exchange of ideas and sharing of knowledge on the subject matter. Participants will also be able to ask questions and obtain clarifications from the trainer on the material covered.
Participants will have the opportunity to benchmark experiences with industry peers and raise issues of most concern to their organisation, either confidentially or in open session in a Q&A Session.
Who Should Attend
The programme is ideal for financial service professionals at banking and investment level, as well as financial service providers and/or advisors:
Managers / Senior Managers
Compliance Officers / Legal Officers
Front-line professionals
Internal Auditors
Any person who provides investment services
External auditors, lawyers and consultants
CPD Recognition
This programme may be approved for up to 5 CPD units in Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
In-house Training
For groups within the same organisation, this course may be customised to meet any specific needs and delivered in-house.
Antonis Hadjikostas
Antonis is a passionate and highly experienced professional, who brings over 15 years of practical experience in the areas of banking, investment, and insurance services industry, particularly in regulatory compliance. His expertise includes among others, Credit Granting and Arrears Management frameworks, Payment Systems, MiFID II, IDD, FATCA/CRS, DAC6, Solvency II, and ESG. Antonis commenced his career at HSBC Greece in 2007 before transitioning to PwC Cyprus in 2010. During his time at PwC, he became a qualified Chartered Accountant of the ICAEW and successfully managed a significant portfolio of clients in the financial and insurance sectors, both locally and internationally. Since 2019, Antonis has been leading the Regulatory Compliance team at a systemic financial institution in Cyprus, servicing also as an Interim Chief Compliance Officer for a short period of time. As a trainer, Antonis specialises in designing training programs to meet individual learning styles while fostering a supportive and inclusive learning environment. His wider experience across regulatory compliance, interaction with regulators and industry experts, as well as his ability to adapt training methods to diverse audiences, set Antonis apart in the field. As of April 2024, Antonis is a Founding Member and assumes role of Vice-Chairperson at the Cyprus Compliance Association (CCA) Board of Directors. Antonis holds a BSc and an MSc from Aristotle University of Thessaloniki in Mathematics, Statistics, and Operational Research. He is a fellow member of the Institute of Chartered Accountants in England and Wales (ICAEW), a member of ICPAC (Institute of Certified Public Accountants of Cyprus), a member of the Mediators on Commercial Disputes under the Ministry of Justice, as well as professional member (MiCA) of the International Compliance Association (ICA).
The invoice is issued on the day the course starts.
Payments can be made by bank transfer, cheque, or credit card.
Certificates are issued within 7–10 days after the course has been completed, provided that the invoice has been paid.
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Click the Get Your Certificate button in the email to download your certificate.
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