Over the past few months, the regulators have made it very clear that the buy-side will carry the same level of responsibility as sell-side firms when it comes to preventing and detecting market abuse.
In its MAR Level 3 Q&A published on 30th May 2016, ESMA left no room for misunderstanding amongst the buy-side on whether their activities are fully covered by MAR: the obligation to detect and identify market abuse or attempted market abuse under Article 16(2) of MAR applies broadly and ‘persons professionally arranging or executing transactions’ thus includes buy-side firms, such as investment management firms (AIFs and UCITS managers). Additionally, the FCA has already highlighted several issues on post trade surveillance (TR15/1).
This Seminar will provide an opportunity to debate this topic, and understand the steps you need to take in order to comply with the new Market Abuse Regulation for the buy-side. Topics:
- MAD 1 experience from the sell-side
- How to cope with more instruments and market venues
- Orders or trades, what to monitor and how?
- Surveillance, detection and reporting – What did we learn from MAD 1?
- Fines and sanction in the UK and Rest of Europe
- Is there a life after STOR reporting?
This RIMES Seminar will provide guidance and experience from many market participants, including the sell-side and the regulators.
To reserve your seat please contact us at firstname.lastname@example.org