| Headline: FSA leaves grey areas in market abuse controls Source: Euromoney Date: February 2001 Author: Richard Tyler The Financial Services Authority will set up a new market abuse regime next year, but with the proposals on the table, City lawyers doubt that it will make their lives, and those of their clients, any easier. By Richard Tyler Causing the most trouble are some of the City’s most respected lawyers, who are questioning the FSA’s proposals as they attempt to clarify and quantify what all the upheaval actually means to them and their clients. Under the Financial Services Act, the FSA has the statutory power to monitor all market activity in the UK and to turn over those individuals and firms it believes are guilty of insider dealing or market abuse to an independent tribunal. |