On September 27, the UK Financial Conduct Authority (FCA) published the 51st edition of Market Watch, its periodic newsletter on market conduct and transaction reporting issues in the United Kingdom. The latest Market Watch provides the FCA’s commentary on its recent thematic review (Review) of market abuse systems and controls in place at UK-regulated firms engaging in market making, and also provides an update on the regulator’s work in relation to payment for order flow (see the following article for more details). The Review focuses on four areas: 1) market abuse risk awareness; 2) information barriers; 3) wall-crossing procedures and insider lists; and 4) ongoing monitoring and surveillance.

The latest Market Watch can be read here.