Following a joint cooperation between three of its Committees/Working Groups (Committee For Professionalism, Foreign Exchange Committee and Regulatory Working Group), ACI FMA has submitted a response to the ESMA Consultation Paper on the provisions of the Market Abuse Regulation (MAR), an European Union regulation that came into effect on 3 July 2016.
In its feedback, ACI FMA focussed on the possible inclusion of Spot FX contracts within the scope of MAR, working together with other organisations that shared our views, such as the Global FX Division of the GFMA (AFME).
Our Chairman, Bruno Langfritz, and our President Delegate, Kim Winding Larsen, signed the letter which was then submitted to ESMA website before the deadline (Friday 29th November).
For more information on this Consultation Paper, please check ESMA’s website on https://www.esma.europa.eu/press-news/esma-news/esma-consults-mar-revie…;
ACI FMA are longstanding proponents and influencers of ethical conduct and good market practices to financial markets professionals.