Treasury and FCA complete criminal regime review
Regulatory Updates | 28/03/23
HM Treasury have announced that they and the FCA have completed a review of the Criminal Market Abuse Regime, which they committed to in the Economic Crime Plan 2019-22. The regime looks at criminality in respect of insider trading and market manipulation. The government states that the review of the regime, which had not been materially updated since it was introduced, now identifies a number of areas requiring an update. The review forms part of the wider reform of financial services, under the Future Regulatory Framework (FRF).
Source: HM Treasury