Governance, risk, and compliance advisory firm ACA Group has launched the Market Abuse Risk Framework, a new solution that helps buy-side firms regulated in the UK and EU monitor and manage market abuse risks across their trading activities. The framework combines advisory services, outsourced manage support, and regulatory technology to strengthen surveillance across both the pre- and post-trade lifecycle.
The features in the framework include a proprietary matrix that maps market abuse offences against trading activity; reviews of surveillance systems, policies, and procedures, as well as suspicious transactions and order reports (STORs); coverage of a comprehensive range of assets as well as algorithmic and quantitative strategies; surveillance technology evaluation and review; and a bank for frequently asked questions. It also delivers a reusable risk framework document that shares guidance on maintenance and updates.
The Market Abuse Risk Framework is a part of ACA Group’s broader suite of compliance solutions. The tools on the firm’s ComplianceAlpha regulatory technology platform can be combined with outsourced managed services and support for enhanced performance.
Raj Somal, partner at ACA Group says, “Our clients are navigating increasingly complex trading, and jurisdictional and infrastructure environments, and often without a clear, actionable view of their market abuse risk.” He describes the framework as a dynamic, evolving programme that can strengthen governance as well as meet evolving regulatory and business expectations.
