UK Financial Regulation (IOC) Quiz 03

Last Updated: June 2024

Table of Contents

UK Financial Regulation (IOC)

-understand the requirement to prevent and detect market abuse
including the obligation on firms to make suspicious transaction
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V31 © Chartered Institute for Securities & Investment 12
and order reports [UK MAR Article 16]
-Insider Dealing
On completion, the candidate should:
-know the prohibition for insider dealing [UK MAR Article 14]
-understand the definition of inside information [UK MAR Article 7],
insider dealing [UK MAR Article 8] and unlawful disclosure of
inside information [UK MAR Article 10]
-understand market soundings [UK MAR Article 11] and market
manipulation [UK MAR Article 12]
-understand the disclosure requirements for inside information [UK
MAR Article 17] and the requirement for insider lists [UK MAR
Article 18]
-understand the meaning of ‘inside information’ and ‘insider’; the
offences and the instruments covered by the legislation [CJA 1993
s.52/56/57/58 + Schedule 2]
-know the general defences available with regard to insider dealing
[CJA 1993 s.53]
-know the special defences: market makers acting in good faith,
market information and price stabilisation [CJA 1993 s.53 and
Schedule 1 paras 1-5]
-Market Manipulation
On completion, the candidate should:
– know the prohibition for market manipulation [UK MAR Article 15]
-understand the four forms of market manipulation: Manipulating
transactions; Manipulating devices; Dissemination; and
Benchmark manipulation. [UK MAR Article 12]
-understand legitimate behaviour [UK MAR Article 9] and the
concept of accepted market practices [UK MAR Article 13]
-understand the obligation on Persons discharging managerial
responsibilities [UK MAR Article 19]
– understand the obligations where providing investment
recommendations [UK MAR Article 20]
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-Money Laundering and Financial Crime
On completion, the candidate should:
-understand the terms ‘money laundering’, ‘criminal conduct’ and
‘criminal property’ and the application of money laundering to all
crimes [Proceeds of Crime Act 2002 s.340] and the power of the
Secretary of State to determine what is ‘relevant criminal conduct’
-understand that the UK legislation on money laundering is found in
the Proceeds of Crime Act 2002 [POCA], as amended by the
Serious Organised Crime and Police Act 2005 [SOCPA], the
Money Laundering, Terrorist Financing and Transfer of Funds
(Information on the Payer) Regulations 2017 (MLR 2017), the
Senior Management Arrangements, Systems and Controls
Sourcebook [SYSC] and that guidance to these provisions is found
in the Joint Money Laundering Steering Group Guidance and
Financial Crime Guide and understand the interaction between
them

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