17. Statutory Offence

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Question		Answer
Market abuse is a statutory offence that covers insider dealing and... start learning		... financial market manipulation.
What stand for MAR? start learning		Market Abuse Regulation came into effect in 2016,
What stand for MAD? start learning		EU Market Abuse Directive
Following Brexit the UK ‘onshored’ (also referred to as 'retained’ or ‘assimilated’ EU Law) the EU MAR into the... start learning		... UK statute book.
EU MAR. There is no obligation to share information with EU authorities without a guarantee of... start learning		a guarantee of reciprocity. The Financial Conduct wzajemność
After Brexit MAR became UK MAR. FCA took over the regulatory responsibilities previously held by... start learning		... by ESMA. European Securities and Markets Authority.
Improper disclosure is a market abuse. It's covered by Criminal Justime Act (CJA), and legistation relating to... start learning		... misleading statements and Financial Services Act 2012
Misleading statements types:\| Making misleading statements,\|Creating false or misleading impressions\| or... and Financial Services Act 2012 start learning		... making misleading statements in relation to benchmarks.
Financial Services Act 2012. The penalty on Summary Conviction is a finejail sentence not exceeding... start learning		12 months,
Financial Services Act 2012. The penalty on Conviction on Inducement is a jail sentence not exceeding... start learning		10 years
MAR 1 is related to... start learning		market abuse
MAR 2 is related to... start learning		price stabilising rules
What is a public censure? start learning		public reprimand issued by a regulator. It is a reputational sanction rather than a financial penalty.
When deciding to take any action in regard to market abuse it may also consider additional factors, such as the impact that a financial penalty or public censure may have on the financial markets and... start learning		degree of sophistication of the users of the market in question.
The FCA’s policy is not to have ‘two bites of the cherry', therefore, start learning		will not impose sanctions for market abuse where a person is being prosecuted for market misconduct (and other way round).

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