Page 50 - 期货和衍生品行业监管动态（2022年8月）
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期货和衍生品行业监管动态
wide range of market participants to assess their market abuse surveillance
arrangements.
3. Citigroup Global Markets is headquartered in London and is a
wholly-owned indirect subsidiary of Citigroup Inc, a US-based international
bank.
4. MAR is a significant piece of legislation that covers the offences of
insider dealing, unlawful disclosure of inside information, and market
manipulation. Firms that arrange or execute transactions in financial instruments
are required by Article 16(2) of MAR to establish and maintain effective
arrangements, systems, and procedures to detect and report potential market
abuse.
5. These failings meant that Citigroup Global Markets breached Article
16(2) of MAR and Principle 2 of the FCA’s Principles for Businesses – that a
firm must conduct its business with due skill, care and diligence.
https://www.fca.org.uk/news/press-releases/fca-fines-citigroups-international-broker-
dealer-failures-detection-market-abuse
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