FCA Market Watch 79

FCA Market Watch 79

In May, FCA Market Watch 79 discussed failures in market abuse surveillance attributed to issues with data, automated alert logic and testing of surveillance models. The FCA believes that firms may find these observations useful for enhancing the implementation, testing, and oversight of their technical systems for market abuse surveillance, thereby reducing the risk of […]

Latest FCA Social Media Guidance

Latest FCA social media guidance

On 26 March 2024, the latest FCA social media guidance was published. This follows the draft guidance published in July 2023. For a recap of key proposals, we recommend reading our previous article on GC23/2. This guidance supersedes and replaces the previous FCA guidance on social media from 2015. The purpose of this article is […]

Market abuse peer review (FCA Market Watch 73)

trade surveillance system

The UK Financial Conduct Authority (“FCA”) published its latest Market Watch newsletter on 26th April 2023, following a market abuse peer review of firms offering Contracts for Difference (“CFDs”) and spread bets (“CFD providers”). Many of the findings are equally applicable to firms offering other financial instruments. This article provides a summary of the key […]

UK cryptoasset regulation

UK cryptoasset regulation

On 1 February 2023, HM Treasury (“HMT”) published a consultation[1] setting out proposals for the UK’s financial services regime for cryptoassets. The UK government has highlighted its ambition to make Britain a global hub for cryptoasset technology. Rishi Sunak previously asserted that “effective regulation” would encourage “the businesses of tomorrow to invest, innovate and scale […]