Join us in London on October 27th where RIMES will host the 2nd Regulatory Seminar: Market Abuse Regulation.
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).
Ash Saluja, Partner CMS Cameron McKenna LLP
Damian Carolan, Partner Allen & Overy LLP
Jeremy Garland, Head of Compliance RIMES
Jodi Norman, Senior Associate Allen & Overy LLP
Richard Palmer, Director – Fraud Investigation & Dispute Services EY
Rukshan Permal, Partner PwC
This non-commercial event welcomes an impressive list of guest speakers who will provide you with the 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. For more information on the event click here or email firstname.lastname@example.org to register today.