Forewarned is forearmed: Market Makers receive FCA MAR compliance visits

Since the Market Abuse Regulation (MAR) came into force in July 2016, many market participants have been wondering how the Financial Conduct Authority (FCA) would carry out its role as the designated conduct authority under MAR.

The FCA is taking an active approach to the new MAR regime, spending the first few months since its introduction visiting small and mid-cap equity market makers. With the FCA focusing on four key areas – market abuse risk awareness, information barriers, wall-crossing procedures and insider lists, and market abuse monitoring and surveillance – and stating that its observations are likely to be “of interest to all firms undertaking market making activities”, businesses affected by MAR are being advised to get their houses in order now.

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For more information please contact Jonathan Morris - Partner in the Corporate Practice.

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