Market Abuse and Trade Monitoring
Regulation No 596/2014 on market abuse (MAR), repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Directive 2014/57/EU on criminal sanctions for market abuse (CS MAD) were published in the Official Journal of the European Union on 12 June 2014 and were applied as from 3 July 2016.
MAD is intended to guarantee the integrity of European financial markets and increase investor confidence. Any unlawful behaviour in the financial markets is prohibited. The concept of market abuse typically consists of insider dealing, unlawful disclosure of inside information, and market manipulation.
MAR aims at enhancing market integrity and investor protection.
To this end MAR updates and strengthened the existing MAD framework by extending its scope to new markets and trading strategies and by introducing new requirements.
|Price||from GBP 325 (excl. VAT) per attendee|
By the end of the programme participants will:
Understand the Regulatory framework
Understand the Market Manipulation practices
Know the risk deriving from unlawful actions
Understand the disclosure requirements
Challenges from MAR and the Regulatory framework
Administrative and Criminal Sanctions following the MAR
Elaborating technology to assist on the trade surveillance
Market Abuse Regulation (Regulation 596/2014) (MAR)
Inside information, insider dealing, unlawful disclosure of inside information and market manipulation
ESMA and Competent Authorities
Administrative measures and sanctions
Delegated acts and Implementing acts
ANNEX I on the indicators of manipulative behaviour
Directive 2014/57/EU (CSMAD)
Executive summary of the directive Market Abuse Law L.102(Ι)/2016
Insider dealing and market manipulation
Administrative measures and sanctions under the regulation
ESMA’s annual report (2019) on administrative and criminal sanctions under MAR
Sanctions and measures imposed in 2018 under MAR
MAR Guidelines Persons receiving market soundings
Compliance and reporting obligations
Guidelines for persons receiving market soundings
Trade Surveillance and Market abuse in practice
Practical review of a solution for surveillance
Ensuring that necessary updates are applied on time
Getting the Compliance help and advice from your vendor
Market Abuse strategies i) Front Running, ii) Quote Stuffing, iii) Ping Orders iv) Spoofing, v) Wash trading vi) Pump and dump
Who should attend
The programme is ideal for:
Managers and Senior Managers in Investment Firms
External Auditors, Lawyers and Financial Consultants
Dealing room officers and Executives
Industry Expert | Kyriakos Christofides
Kyriakos Christofides is the Head of Financial Services Department of MAP S.Platis, a regional leader in the provision of financial services. He is holder of a BA in Business / Finance, an L.LB. Bachelor of Laws and the Advanced Certificate from the Cyprus Securities and Exchange Commission. Kyriakos’ past experience extends to super national corporations in the oil and gas industry, alternative investment funds, and regulated entities under the Cyprus and United Kingdom’s regulatory framework from a variety of senior management roles such as Director and Head of Compliance of large organisations.
Being heavily involved in the provision of professional financial services in different jurisdictions, has helped him develop an inquisitive and proactive approach for regulatory matters by providing client facing and solution oriented professional advice for complex matters.
The programme will be delivered using a variety of learning methods.
The programme will be participative, including short lectures supported by power-point presentations that aim to explain the main issues while providing the grounds for in-depth discussion and debate.
Several case studies and examples will be used for hands on participation.
This programme may be approved for up to 5 CPD units in Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
Price - 325
Duration - 5
CPDs - 5
Ticket Options - free