Regulatory Alerts2020-11-04
FINMA Circular 2013/8 Market conduct rules
The Swiss Financial Market Supervisory Authority issues this circular to define prohibited market conduct under the Financial Market Infrastructure Act, specifically banning the misuse of insider information and market manipulation. It establishes detailed organizational requirements for supervised institutions, including the implementation of information barriers, employee transaction surveillance, and strict documentation and recording protocols. The rules apply to securities traded on Swiss venues as well as primary markets and foreign securities, ensuring transparency and proper functioning of financial markets.
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