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FCA finalises new financial crime guidance

FCA has now finalised its guidance on insider dealing and market manipulation within the Financial Crime Guide. It received 8 responses to its consultation, generally positive. However, some respondents raised concerns about:

  • mandating a duty to prevent these crimes;
  • the risk of firms tipping off by taking some of the actions the guidance proposed;
  • where the guidance did not fully reflect the 2017 MLRs; and
  • why the guide did not refer to the SMCR.

FCA made only minor changes to the consultation version of the guidance, but responded fully to all comments.

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Emma Radmore