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)/

• 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

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

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

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.

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.