Market abuse: prevention is better than detection

Julia Hoggett, the Financial Conduct Authority’sdirector of market oversight, recently gave a speech on implementation of theMarket Abuse Regulation in the United Kingdom. Alexios Bostantzoglou unpacks the regulator’s key concerns.

AlexiosBostantzoglou(alexios.bostantzoglou@acacomplianceeurope.com) is a consultant with ACACompliance Group.

Ms Hoggett’s speech built on her November2017 address, ‘Effective compliance with the Market Abuse Regulation – a stateof mind’, which considered recent developments in the market abuse space. Italso follows on from the recent publication of three FCA Market Watch alerts onmarket conduct and transaction reporting issues, versions 56 (issued inSeptember 2018), 57 (November), and 58 (December).