Market Abuse

Consequently, regulators are paying increasing attention to safeguarding market integrity.

Regulators expect firms to:

Enhance customer protection against poor value and unfair pricing practices;
Establish a stronger deterrence against market abuse practices;
Promote greater market competition.

Law enforcement and regulators are stepping up their investment in their detection and surveillance strategies to deter market abuse, prompting businesses to improve their internal controls.

What is at stake for businesses?

Market abuse undermines the integrity of the global financial system, erodes public confidence in capital markets, and discourages market participation. Key areas of focus for regulators continue to include:

Insider dealing;
Market manipulation; and
Unlawful disclosures.

Market abuse regimes vary across jurisdictions, and may be codified as either criminal and/or civil offences. In the UK, for instance, firms should be prepared to face the FCA’s dual track prosecutions, probing for the criminal offence of insider dealing and market abuse civil offences at the same time.

The pressure is not coming only from authorities, but also from peer institutions. The industry is increasing its expectations for better surveillance practices to include multiple data sources, including electronic communication and behavioural indicators.

How Plenitude can help

Our team of experts can help your firm ensure that your market abuse controls are effective, efficient and sustainable. Our services include:

Independent Assessment

Executing a proportionate assessment of your market abuse controls to manage compliance in readiness for regulatory reviews or to take proactive action;
Supporting firms through S166 Reviews (firm-side)

Or conducting S166 Reviews on behalf of the FCC on the basis Plenitude is appointed to the Skilled Person Panel for Lot E: Financial Crime. Guiding firms through the remediation process linked to enforcement action or regulatory review;
Risk Assessment

Design and conduct a comprehensive risk assessment to assess your market abuse risk.
Assess and enhance market abuse-related policies, standards and procedures
Conflict of Interest management
Asses and enhance trade surveillance and communication surveillance controls.

Our Services

Our capabilities address the entire spectrum of financial crime risks and, as a full-service provider, we can meet all of our clients’ needs in order to deliver a truly integrated consulting service. We can assist with a wide range of needs, including independent assessments, policy and standards enhancement, risk assessments, specialist tech and data support, and remediation and transformation program design and execution. No matter what the requirement, we are here to help.

Discover more about our services and see why our integrity, passion and delivery excellence have been praised by so many clients.

Advisory & Transformation

Clients typically engage us when they have been subject to regulatory feedback, are expecting a visit from the regulator, or have concerns and want to take proactive action. Regardless of the situation, we can help.

S166 Skilled Person Services

Under the Financial Services and Markets Act 2000 (FSMA), the FCA’s Section 166 review is an independent review by a third party (a ‘skilled person’) about aspects of a regulated firm’s activities where the FCA has concerns or requires further analysis.

Fraud Practice

Global regulatory shifts are compelling financial organisations to prioritise fraud prevention more than ever, and rising fraud complexity highlights the critical role of operational teams as the first line of defence.

Digital Assets Practice

In slightly more than a decade, the digital assets industry has skyrocketed to a market cap of over 2 trillion USD, bringing innovations poised to revolutionise monetary systems, financial services and beyond.

Technology Advisory Services

Regulated firms face a constant battle against financial crime, and technology plays a crucial role in this fight. However, leveraging technology and keeping up with innovation comes with its own set of challenges.

Data Analytics Services

Data quality, siloed systems, and the ever-evolving tactics of criminals make effective data analysis a constant battle. Firms need to break down these silos to get a holistic view of customer activity and identify hidden patterns that might indicate a financial crime threat.

KYC Managed Service

The regulatory landscape continues to evolve placing increased regulatory pressure and demand on institutions to meet their KYC/CDD compliance obligations, often at significant cost.

RegTech Products

Our RegTech subscription products enable our clients to manage financial crime obligations, country and client risk more effectively while reducing internal risks, costs and resource demands.