16 Conclusions

Subject(s):

Market abuse

This chapter presents some final thoughts. The UK and the EU have undeniably made a determined effort to install a flexible and effective regime to deter and punish market abuse. The very fact that the market abuse regime causes so much comment in the financial services industry is one measure of its success. It is not a simple regime. To many, it is worryingly complex and, with the introduction of EU anti-market abuse law and regulations, and the implementation of the EU Market Abuse Regulation in 2016, has become even more so. However, so is market abuse. To keep pace with the chameleon-like changeability of schemes to win unfair profits in the financial markets, the regulators need a significant degree of indeterminate flexibility.