Training Objectives

By the end of the programme participants will:

• Understand the Regulatory framework 
• Understand the Market Manipulation practices 
• Know the risk deriving from unlawful actions 
• Understand the disclosure requirements 
• Challenges from MAR and the Regulatory framework 
• Administrative and Criminal Sanctions following the MAR 
• Elaborating technology to assist on the trade surveillance

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) 

• Executive summary of the directive Market Abuse Law L.102(Ι)/2016 
• Insider dealing and market manipulation 
• Administrative measures and sanctions under the regulation  

ESMA’s annual report (2019) on administrative and criminal sanctions under MAR 

• Sanctions and measures imposed in 2018 under MAR 

MAR Guidelines Persons receiving market soundings 

• Compliance and reporting obligations 
• Guidelines for persons receiving market soundings 

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 

Who should attend 

The programme is ideal for:

• Managers and Senior Managers in Investment Firms 
• Compliance Officers 
• Internal Auditors 
• Internal Lawyers 
• External Auditors, Lawyers and Financial Consultants 
• Dealing room officers and Executives 
• Risk Managers

Training Style

The programme will be delivered using a variety of learning methods.  

The programme will be participative, including short lectures supported by power-point presentations that aim to explain the main issues while providing the grounds for in-depth discussion and debate. 

 Several case studies and examples will be used for hands on participation. 

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 customized to meet any specific needs and delivered in-house.