News & Analysis as of

Market Abuse

BCLP

FCA Enforcement Watch and Beyond - Five Headline Trends for 2026

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The FCA’s launch of its inaugural Enforcement Watch newsletter provides fresh visibility into the regulator’s enforcement caseload, priorities and approach. Coupled with the High Court’s recent two-part judgment endorsing the...more

BCLP

FCA CP25/40 Explained: What the UK’s New Crypto Regulations Mean in Practice

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This is the first in a series of three articles examining the UK’s emerging regulatory framework for cryptoassets. Together, the series explores the expansion of the regulatory perimeter for cryptoasset activities, the new...more

BCLP

FCA CP25/41: Admissions, Disclosures and Market Abuse in Crypto

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This is the second in a series of three articles examining the UK’s emerging regulatory framework for cryptoassets. Together, the series explores the expansion of the regulatory perimeter for cryptoasset activities, the new...more

Latham & Watkins LLP

UK Cryptoasset Regime: Key Takeaways From the Final Draft Statutory Instrument

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The publication of the SI marks the latest regulatory development in the UK’s rapidly evolving cryptoasset landscape....more

Hogan Lovells

Key takeaways from FCA Consultation Paper 25/41 – Admissions & disclosures and market abuse regime for cryptoassets

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The Consultation Paper sets out the FCA’s proposed rules and guidance for admissions and disclosures (A&D) and the market abuse regime for cryptoassets (MARC)....more

Latham & Watkins LLP

Mind the Bot: FMLC Issues Report on AI in Wholesale Financial Markets

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The report covers the private law issues that may arise when firms use AI to assist, or directly execute, market activities....more

Paul Hastings LLP

UK Equity Capital Markets Insights — November 2025

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On 15 July 2025, the UK Digitisation Taskforce (the Taskforce) published its Final Report on the proposed digitisation of the UK shareholding framework (see the August edition of this newsletter). One of the key...more

Moore & Van Allen PLLC

Summary of IOSCO’s Pre-Hedging Final Report

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On November 3, 2025, IOSCO released its anticipated Pre-Hedging Final Report (“Final Report”) detailing its assessment of current pre-hedging market practices and setting out recommended guidance for International...more

Latham & Watkins LLP

Recent Developments for UK PLCs - November 2025

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On 21 October 2025, the UK government announced it will introduce reforms that would reduce corporate reporting and governance compliance burdens on UK listed companies. ...more

BCLP

FCA Fines an Employee for Insider Dealing

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On 13 October 2025 the FCA fined an employee for insider dealing for selling his own and close family member’s entire shareholding whilst in possession of, and using, inside information.  The FCA has imposed a financial...more

White & Case LLP

Share Buybacks: A Valuable Tool for Italian Listed Companies

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The repurchase of a company’s own shares (so called, share buyback) is a transaction in which a company acquires its own share capital, either directly or through its subsidiaries....more

Paul Hastings LLP

UK Equity Capital Markets Insights — October 2025

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In this edition of UK Equity Capital Markets Insights, we cover the following developments: • FCA Publishes Market Watch 83 - • FCA Consults on Amendments to UK Listing Rule 9 - • FCA Launches Revamped Handbook Website - ...more

Proskauer Rose LLP

FinReg Monthly Update - September 2025

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Welcome to the FinReg Monthly Update, a regular bulletin highlighting the latest developments in UK and EU financial services regulation....more

Latham & Watkins LLP

Recent Developments for UK PLCs - October 2025

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FCA Proposes to Relax Disclosure Requirements for Share Buybacks - On 10 September 2025, the FCA published its quarterly consultation paper No.49, which proposed (among other things) amendments to its UK Listing Rules...more

BCLP

UK Corporate Briefing - October 2025

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Welcome to the Corporate Briefing, where we review the latest developments in UK corporate law that you need to know about. In this month’s issue we discuss...more

BCLP

Market Soundings at Corporate Finance Firms

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The FCA has published the latest edition of Market Watch no.83. In this edition the FCA focus on the Market Abuse Regulation (MAR) - market soundings regime and share their observations following a review of the systems and...more

A&O Shearman

UK FCA Market Watch 83

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The UK Financial Conduct Authority (FCA) has published Market Watch 83, sharing findings from a series of reviews on market abuse risks and related systems and controls at corporate finance firms that provide advisory and...more

Ballard Spahr LLP

Despite SEC's Sophisticated Methods of Detection, Insider Trading Continues in the Life Sciences Industry

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Many publicly traded companies in the life sciences industry are involved in the development of new drugs, devices, diagnostics, and medicines. These drugs and other life science products are subject to the FDA regulatory...more

A&O Shearman

Delegated Regulation Regarding RTS On Market Abuse Under MiCAR Published in OJ

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On 20 August, Commission Delegated Regulation (EU) 2025/885 supplementing the Markets in Crypto-assets Regulation with regard to regulatory technical standards specifying the arrangements, systems, and procedures for persons...more

A&O Shearman

UK FCA Publishes New Webpage Consolidating Its Work on Wholesale Bank Supervision

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The UK Financial Conduct Authority (FCA) published a new "Wholesale banks supervision" webpage which consolidates insights from the FCA's multi-firm and other supervisory work involving wholesale banks. The webpage covers a...more

A&O Shearman

UK FCA Primary Market Bulletin 56 published

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The UK Financial Conduct Authority (FCA) has published its latest edition of its newsletter for primary market participants, Primary Markets Bulletin 56...more

A&O Shearman

ESMA publishes new guidelines under MiCAR to prevent and detect market abuse

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The European Securities and Markets Authority (ESMA) has published official translations of its guidelines on supervisory practices to prevent and detect market abuse under the Markets in Crypto-Assets Regulation (MiCAR). The...more

Goodwin

Fighting Market Abuse in Crypto-Assets: ESMA Guidelines Under MiCA

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Published on April 29, 2025, the ESMA final report (ESMA75-453128700-1408) outlines the guidelines (Guidelines) for competent national authorities (NCAs) to prevent and detect market abuse in the context of the Markets in...more

A&O Shearman

EC adopts RTS on Market Abuse under MiCAR

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The European Commission (EC) has adopted a Delegated Regulation supplementing Regulation (EU) 2023/1114 on markets in cryptoassets (MiCAR), with regard to regulatory technical standards (RTS) specifying the arrangements,...more

BCLP

FCA: Unlawful Disclosure of Inside Information and M&A Transactions

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The FCA has published Primary Market Bulletin (PMB) No 54 outlining its concerns around the unlawful disclosure of inside information during the course of M&A transactions....more

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