Market conduct is, and will almost certainly remain, an area of concerted regulatory focus. Market abuse risk is also arguably the single greatest risk faced by investment managers on a day-to-day basis. Whilst many texts have been published into the generalities and technicalities of the market conduct regime, this book is the first to focus on the so-called ‘buy-side’.
Market Conduct for Investment Managers is designed to help investment professionals navigate this important and complex area by raising levels of awareness and intuitive understanding through the use of real-world insights, case studies and practical scenarios. Now in its third edition, this publication is widely-regarded as the authoritative practical guide on this important topic and essential reading for investment management professionals.
This third edition has been updated to include new content on:
- Guidance provided by the FCA in Market Watch 75, published in October 2023
- SEC warnings in April 2022 over the use of alternative data by investment managers
- The regulatory treatment of investee company meetings and dialogue under the definition of MNPI
- The FCA’s enforcement action and resulting financial penalty imposed on Sir Christopher Gent for the unlawful disclosure of inside information
- The risk management roles and responsibilities of the first line of defence within a firm
- Recent practical examples, including: enforcement cases, which assist in interpreting and applying the market conduct requirements in the context of asset management.
