Page 66 - 期货和衍生品行业监管动态（2022年12月）

期货和衍生品行业监管动态

7. 这些违规意味着 BGC/GFI 违反了《市场滥用条例》第 16(2)条和 FCA《经

营原则》的原则 3--公司必须采取合理的谨慎措施，以负责任和有效的方式组织

和控制其事务，并建立充分的风险管理系统。

FCA Fines Three Broker Firms £4,775,200 for Failures Relating to the Detection

of Market Abuse (2022/12/8)

The FCA has fined BGC Brokers LP, GFI Brokers Limited and GFI

Securities Limited (together, BGC/GFI) £4,775,200 for failing to ensure they had

appropriate systems and controls in place to effectively detect market abuse.

BGC/GFI failed to properly implement the Market Abuse Regulation (MAR)

trade surveillance requirements. This meant there was an increased risk that

potentially suspicious trading would go undetected.

BGC/GFI are inter-dealer brokers specialising in broking exchange listed and
over-the-counter financial products and related derivative products. It is of

fundamental importance to the integrity of the market that brokers such as BGC/GFI

have effective market abuse surveillance systems in place.

Between July 2016 and January 2018, BGC/GFI had manual, automatic and

communications surveillance processes that were deficient, and therefore, inadequate

in properly addressing the risk of market abuse. Additionally, BGC/GFI’s systems for

monitoring market abuse did not have proper coverage of all asset classes which are

subject to MAR.

Mark Steward, Executive Director of Enforcement and Market Oversight,

commented:

‘ Oversight of our markets is a regulated partnership between the FCA and

market participants and so gaps or holes in a firm’s ability to monitor and detect
abusive trading poses direct risks to market integrity. This case is another example of

the FCA’s determination to ensure firms prioritise market integrity and the

maintenance of high standards of compliance.’

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