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FCA Market Watch 71

2022-12-13 02:12:05

In this edition of Market Watch , The FCA reminds firms of the requirement within UK Market Abuse Regulation (MAR) to include personal information in insider lists, and it reiterates the importance of firms maintaining accurate insider lists and strictly limiting access to inside information to employees who require access to perform their role in order to prevent market abuse. The FCA explains how this information is used to eliminate people from their enquiries by cross referencing the information with MiFIR transaction reports , MAR suspicious transaction and order reports and other information sources.

The FCA further clarifies, for natural persons on insider lists, the national identification number column, should be consistent with the national identifiers used in MiFIR transaction reports and, should contain the relevant national identifier for that individual, defined and designated in accordance with the requirements in Article 6 of RTS 22. It also reminds Firms that the first priority national identifier for UK nationals is the national insurance number. The full suite of national identifiers can be found in Annex II to RTS 22.

Further information about the national identifiers used in MiFIR transaction reports and Annex II can also be found on our website.

In addition, Point Nine already has the validation rule for National Identifiers used in MiFIR in place. Thereby ensuring that the data quality of the transaction reports submitted on behalf of our clients is maintained at all times:

MIFIR Validation:

Unique national identifiers Checks regarding the pattern of every unique identifier as well as the priority specified in Annex II of the Commission Delegated Regulation (EU) 2017/590


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