Market abuse and Payment Systems Regulator: Difference between pages

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Market abuse includes any misuse of confidential or non public information so as to attempt to gain a trading advantage.  
''UK financial regulation.''


(PSR).


Market abuse also encompasses:
The Payment Systems Regulator was established in 2015 to regulate payment systems in the UK.
# Insider dealing.
# Improper disclosure.
# Manipulating transactions.
# Manipulating devices.
# Misleading dissemination.




For example trading in a company's shares whilst in the possession of inside information that a profits warning was about to be announced would be insider trading and therefore market abuse.
The PSR's objectives include:
*Ensuring that payment systems are operated and developed in a way that considers and promotes the interests of all the businesses and consumers that use them.
*Promoting effective competition in the markets for payment systems and services.
*Promoting development and innovation in payment systems, in particular the infrastructure used to operate payment systems.




==Legislation==
== See also ==
* [[Confirmation of Payee]]
* [[Cross-border interchange fee]]
*[[Financial Conduct Authority]]
* [[Immediate payments and the impact on corporate treasurers]]
* [[Infrastructure]]
* [[New Payments Architecture]] (NPA)
* [[Pay.UK]]
* [[Payment service provider]]
* [[Payment system]]
* [[PSD2]]
* [[Request to Pay]]


Legislation exists in most financial markets to specify the detail of what is prohibited as market abuse and within the EU this was covered by the Market Abuse Directive (Directive 2003/6/EC).


The Market Abuse Directive (MAD) was revised and replaced by MAD II which widens its scope to include new markets and instruments.
==External link==
*[[https://www.psr.org.uk/about-us/the-psr-purpose/ The UK Payments Systems Regulator - our purpose]]


The Market Abuse Regulation (MAR) and the Directive on Criminal Sanctions for Market Abuse (CSMAD) form the legislative proposals which make up MAD II.
[[Category:Accounting,_tax_and_regulation]]
 
[[Category:The_business_context]]
 
[[Category:Cash_management]]
MAD II came into force in July 2016.
[[Category:Financial_products_and_markets]]
 
[[Category:Liquidity_management]]
 
[[Category:Technology]]
==See also==
* [[Confidential information]]
* [[Fair market]]
* [[Insider dealing]]
* [[Market Abuse Regulation]]  (MAR)
* [[Market manipulation]]
* [[UK MAR]]
 
 
 
==Other links==
 
*[http://www.treasurers.org/node/3244 ACT briefing note: The New Market Abuse and Disclosure Regime in the UK - A Guide for Listed Companies; 2005]
 
*[http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32014R0596 MAR]
 
*[http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32014L0057 CSMAD]
 
[[Category:Self_management_and_accountability]]
[[Category:Ethics]]
[[Category:Financial_risk_management]]

Revision as of 21:33, 22 April 2023

UK financial regulation.

(PSR).

The Payment Systems Regulator was established in 2015 to regulate payment systems in the UK.


The PSR's objectives include:

  • Ensuring that payment systems are operated and developed in a way that considers and promotes the interests of all the businesses and consumers that use them.
  • Promoting effective competition in the markets for payment systems and services.
  • Promoting development and innovation in payment systems, in particular the infrastructure used to operate payment systems.


See also


External link

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