Members of the Appeal
Committee for Resolution of Securities Disputes (ACRSD) along with a number of
its General Secretariat staff visited the UK Financial Conduct Authority (FCA),
as well as the London Stock Exchange (LSE) during the period of 14-15/3/2018.
The visit included; a
presentation on the authorities and jurisdictions of the FCA when dealing with
Authorized Persons in the market, as well as the executive procedures allowed
for FCA to enforce against companies that do not comply with legal and technical
standards set by the legislator.
The
official visit also included a visit to London Stock Exchange, where
discussions were made regarding the tools used for surveillance to detect
illegal practices in the market, and the ways to analyze and report them to the
FCA to support additional investigations and litigation. Moreover, certain
examples were discussed in terms of some illegal practices in the market and
methods to handle such violations.
