Market Abuse Regulatory Updates

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 European Union 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.

This workshop aims to present the updates in the regulatory framework and provide guidance concerning compliance and the challenges in ensuring that the market abuse regime is effectively implemented.

Training Objectives

• Summarise the importance of Market Abuse reforms, the key legislative changes and how they inter-relate with the wider regulatory agenda.
• Identify the key regulatory changes & challenges across MAR including increased monitoring and surveillance of trading venues and financial instruments.
• Explore key issues related to changes introduced by the Market Abuse Regime including Market Soundings, Issuer Disclosure of Information, Director’s transactions and enhanced regulatory powers.
• Develop an awareness of how the Regulation interacts across other European Regulations including MiFID II.

Training Outline

Session I:       Market Abuse Overview & Update

• Clarify European Market Abuse Requirements and the application by Cyprus Securities and Exchange Commission (CySec)
• 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 – Past, Present & Future

• Establish key MAD II regulatory requirements including market soundings, investment recommendations and managers transactions
• Summarise MiFID II requirements which will impact the current market abuse regime including market structure.
• Examine the changing roles of the National Competent Authorities and responsibility of firms to ensure that MiFIR transaction reporting obligations are enforced from the 3^rdJanuary 2017.

Session III:       Current Challenges for Monitoring & Surveillance

• Illustrate existing process including recording of communications and transaction reporting that can assist in the production of Suspicious Transaction Reports and Orders (STR/O’s)
• Identify risks to a firm’s monitoring & surveillance programme
• Discuss tools including management information that can support the business in building an effective monitoring and surveillance programme

Training Style

The course shall include the presentation and analysis of the regulatory framework providing practical examples. The programme is designed to deliver knowledge and enhance participants’ skills via case-studies and practical examples. Participants will benefit from customised feedback at the end of the programme and take away the knowledge gained to be transferred at their workplace.

Who should attend

This workshop will be of benefit to anyone who is likely to be working within the market abuse requirements and wishes to develop a greater understanding of the regime, including senior management, oversight financial crime, audit, legal, compliance, risk and service providers.