Requires a firm to take reasonable care to implement and maintain systems and controls that are appropriate to its business. The nature of these controls depends on the specifics of its business, the diversity of its operations, the volume and size of transactions as well as the degree of risk associated with its operations.

Rule Overview

Jurisdiction: United Kingdom

Regulator: FCA

Topic: Market Abuse

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The systems and controls should be reviewed regularly.

A firm is also required to employ personnel with the skills, knowledge and expertise necessary for the discharge of their designated responsibilities.

For areas covered by systems and controls see SYSC 3.2.

Guidance on risk governance is contained in SYSC 21.

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