FCA Director of Market Oversight Comments on FCA's Expectation of Compliance with MAR Surveillance Technology Requirement

November 21, 2017

Julia Hoggett, the Financial Conduct Authority's ("FCA") Director of Market Oversight, delivered a speech on 14 November 2017 at the Recent Developments in the Market Abuse Regime conference in London, in which she made remarks regarding the FCA's expectation that firms be in compliance with all requirements under the Market Abuse Regime ("MAR"), including the surveillance technology requirement. The following quote is an excerpt from the publicly issued version of Hoggett's speech:

"...the need to improve and optimise surveillance and disruption capabilities cannot be seen as a role reserved solely for the regulator. We expect firms to ensure that their systems are in constant evolution to meet the changing nature and needs of the businesses within which they operate, including evolving regulatory demands...we now expect firms to be compliant with all the requirements under MAR."

How ACA Can Help

ACA's Decryptex® provides in-depth trade surveillance to help identify items of interest and non-compliant trading and investment activity. The solution includes a case management tool that can track and store emails, reports, and research related to each investigation.

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ACA has been working to build relationships with certain insurance carriers and brokers that offer coverage to our clients. Part of our efforts include negotiating discounts or premium reimbursements for firms that obtain one or more of our eligible products, including Decryptex. More information

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For more information about Decryptex, contact Michael Lehman.