Persons professionally arranging or executing transactions and market operators and investment firms operating a UK trading venue shall ensure that they have in place effective arrangements, systems and procedures for the submission of a STOR without delay, in accordance with Article 16(1) and (2) of Regulation (EU) No 596/2014, once reasonable suspicion of actual or attempted insider dealing or market manipulation is formed.
The arrangements, systems and procedures referred to in paragraph 1 shall entail the possibility to report STORs in relation to transactions and orders which occurred in the past, where suspicion has arisen in the light of subsequent events or information.
In such cases, the person professionally arranging or executing transactions and the market operator and investment firm operating a UK trading venue shall explain in the STOR to the Financial Conduct Authority the delay between the suspected breach and the submission of the STOR according to the specific circumstances of the case.
Persons professionally arranging or executing transactions and market operators and investment firms operating a UK trading venue shall submit to the Financial Conduct Authority any relevant additional information which they become aware of after the STOR has been originally submitted, and shall provide any information or document requested by the Financial Conduct Authority.
Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.
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