New, extra backing on cross-border market abuse investigations under MAR, form FCA – 31st May 2017

The Financial Conduct Authority (FCA) will start feeding reference data shortly into a centralised data gathering process which will provide new extra backing on cross-border investigations under the Market Abuse Regulation (MAR), European supervisors said yesterday. The centralised data gathering and related analytics will enable ESMA to help the FCA and other national competent authorities more with cross-border market abuse investigations, including alerting them to suspicions, said a spokesman for the European Securities and Markets Authority (ESMA) in Paris. The new process became a reality when ESMA set July 17 as the starting date in an announcement yesterday. “The FCA and UK reference data are part of the system. The FCA will directly feed its data into the ESMA system,” the ESMA spokesman said. In some countries, depending on national arrangements, trading venues might feed in the data directly to ESMA, he said.


Alex Davidson, Regulatory Intelligence