On 27 May, 2020, the UK Financial Conduct Authority (FCA) published the 63rd edition of its Market Watch newsletter. The newsletter sets out the FCA’s expectations for market conduct in the context of increased capital-raising events and alternative working arrangements due to COVID-19.
Throughout the pandemic, the FCA has been working to maintain high standards of conduct and make reasonable adjustments to its rules. While the FCA recognises that the COVID-19 pandemic has caused significant uncertainty and hitherto unprecedented operational challenges due to the prevalence of remote working policies, the FCA still expects all market participants, including issuers, advisors and anyone handling inside information, to continue to act in a manner that supports the integrity and orderly functioning of financial markets. This includes complying with all their obligations under relevant regulation, including the Market Abuse Regulation (MAR).
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