Market Abuse Update – May 2017

The latest edition of our Market Abuse Update covers developments from the second half of 2016 through to April 2017. It features: the latest UK civil and criminal market abuse proceedings; significant international developments and enforcement cases; the FCA’s recent Market Maker Review focusing on market abuse systems and controls; an updated list of supplementary EU … Read more

UK Ofgem’s open letter on REMIT market abuse prohibition: a prelude to enforcement

The Office of Gas and Electricity Markets (Ofgem) issued an open letter to draw to the attention of wholesale market participants its views on: behaviour that it has observed in the UK market which may constitute market manipulation; issues in relation to the publishing of inside information; and the upcoming deadlines for registration and transaction reporting. The letter … Read more

French AMF fines two bloggers for misleading financial commentary

The AMF has taken enforcement action against the author of a blog, a retired professor of financial analysis who describes himself on his blog site as a contrarian, fining him €10,000 for having disseminated misleading information about the level of debt of a bank (effectively a form of market abuse).  A US blogger, who linked to the post and … Read more

UK: A Practitioner’s Guide to the Law and Regulation of Market Abuse

On 10 July 2013, Herbert Smith Freehills’ clients, contacts and staff celebrated the publication of the first practitioner-focused textbook in the UK on market abuse, written by leading lawyers from Herbert Smith Freehills.   ‘A Practitioner’s Guide to the Law and Regulation of Market Abuse’, published by Sweet and Maxwell, provides a comprehensive and invaluable source of … Read more