Market abuse prevention: AMCs must implement deterrence mechanisms and whistleblower protections, with senior accountability and phased rollout. AMCs must implement an institutional mechanism to identify and deter market abuse, including front running and fraudulent transactions, with the CEO/MD (or equivalent) and Chief Compliance Officer accountable for implementation; AMCs must also maintain a documented whistle blower policy with confidential reporting channels and protections. A revised definition of market abuse is inserted, staggered commencement timelines apply with an exception permitting non recording of face to face communications.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Market abuse prevention: AMCs must implement deterrence mechanisms and whistleblower protections, with senior accountability and phased rollout.
AMCs must implement an institutional mechanism to identify and deter market abuse, including front running and fraudulent transactions, with the CEO/MD (or equivalent) and Chief Compliance Officer accountable for implementation; AMCs must also maintain a documented whistle blower policy with confidential reporting channels and protections. A revised definition of market abuse is inserted, staggered commencement timelines apply with an exception permitting non recording of face to face communications.
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