Regulatory AlertsGC18/1: Consultation on financial crime systems and controls
The Financial Conduct Authority issued consultation paper GC18/1 to gather stakeholder feedback on proposed guidance regarding financial crime systems and controls. The document outlines the regulator's intent to enhance supervisory expectations for firms managing risks related to insider dealing and market manipulation. Following the consultation period which closed in June 2018, the FCA finalized the guidance in December 2018 to establish clearer standards for compliance frameworks.
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