RegTech company MAP FinTech has unveiled its latest offering to help businesses comply with market abuse regulations.
The Market Abuse Trade Surveillance Solution is now available on the Polaris platform and is particularly suited to protect against insider dealing and market manipulation.
The news comes after both the Cyprus Securities and Exchange Commission (CySEC) recently notified Cyprus Investment Firms (CIFs) about their obligation to prevent and detect market abuse, urging them to run effective systems and procedures to identify and report suspicious transactions as well as assign their internal auditors with the completion of an ad-hoc report.
Furthermore, the UK’s Financial Conduct Authority (FCA) has recently updated their market abuse obligations, requesting firms to set up safeguards to identify and reduce the risk of market abuse and other financial crimes. FCA considers preventing, detecting and punishing market abuse as a high priority. Moreover, the most recent results of ESMA’s STOR Peer Review have shown that regulators need to do more in regards to market abuse. Hence, regulatory oversight and enforcement over market abuse is expected to be tightened.
Being able to prevent and detect market abuse infringements has never been more important for investment firms. MAP FinTech’s Trade Surveillance Solution ensures that your firm keeps up to date with the latest regulations and updates, helping you meet the changing regulatory requirements on market abuse. MAP FinTech’s Trade Surveillance allows clients to enjoy a cost-efficient integrated solution delivered via a single platform, while receiving the impeccable support services offered by our team of experts.
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