Nick Bayley Featured in HFM Week: FCA Lasers in on PA Dealing Thu, Nov 7, 2019

or to bookmark this page

Click here to bookmark this page

Click here to remove bookmark

Nick Bayley, Managing Director in Duff & Phelps’ Compliance and Regulatory Consulting practice, spoke to HFM Week to discuss the Financial Conduct Authority’s (FCA) latest Market Watch report. The FCA has renewed its focus on personal account dealing (PAD) policies and has called on UK financial services firms to establish appropriate rules governing PAD undertaken by relevant persons. The FCA has identified that not all firms are taking appropriate actions after identifying potential conflict of interests arising from employee PA dealing. Therefore, it is now encouraging firms to “develop a culture where adherence to their rules is the norm”.

Nick said the report is “important” for hedge fund managers, who need “a good understanding of their market abuse risks, on which they can base appropriate and proportionate PA dealing policies and procedures”.

Subscribers of HFM Week can access its content here.

2019-11-07T05:00:00.0000000 0001-01-01T00:00:00.0000000 /about-us/news/nick-bayley-hfm-week-personal-account-dealing /-/media/assets/images/news/featured-images/2019/nick-bayley-hfm-week-personal-accounting.jpg news {DA6CC51B-740E-439A-B283-2BBFB5326BAA} {1C3CB363-1B9A-40E2-AF19-5C433260F861} {4FD55120-2DD8-4DB5-8DAA-3D9212C2436D} {C386876B-356F-459D-AFBB-57FBF5113703} {F9A927B5-B65A-4F14-B590-DD46B5DC907A} {95D7F66C-11BB-4E7D-B07C-48874A321F98}

Other Areas We Can Help

EU Regulation

Comprehensive compliance and regulatory support for EU firms.

EU Regulation

Market Services

Assistance with markets, transaction reporting and surveillance.

Market Services