FCA consults on Market Abuse Regulation policy proposals and Handbook changes

The Financial Conduct Authority (FCA) has today published its policy proposals and Handbook changes to support the implementation of the new European Market Abuse Regulation regime, which will apply from 3 July 2016.

From this date the principal legal requirements relating to market abuse in the UK will be set out in the EU Market Abuse Regulation and its implementing measures. In its consultation document, the FCA sets out proposals for the necessary changes to its Handbook required in implementing this new regime and invites comments in particular on the different options for implementation the new regime offers Member States in two areas.  These concern the requirement to provide an explanation of the delay to the disclosure of inside information and the threshold for disclosure of managers’ transactions.     

The closing date for responses to the consultation is 4 February 2016.

Notes to editors

  1. CP15/35: Policy proposals and Handbook changes related to the implementation of the Market Abuse Regulation (2014/596/EU)
  2. On 1 April 2013 the FCA became responsible for the conduct supervision of all regulated financial firms and the prudential supervision of those not supervised by the Prudential Regulation Authority (PRA).
  3. The FCA has an overarching strategic objective of ensuring the relevant markets function well. To support this it has three operational objectives: to secure an appropriate degree of protection for consumers; to protect and enhance the integrity of the UK financial system; and to promote effective competition in the interests of consumers.
  4. Find out more information about the FCA.