{"id":23890,"date":"2026-05-02T17:15:00","date_gmt":"2026-05-02T17:15:00","guid":{"rendered":"https:\/\/sawahsolutions.com\/lap\/fca-urges-firms-to-harness-new-information-sharing-powers-under-eccta-for-more-effective-market-abuse-disruption\/"},"modified":"2026-05-02T22:26:37","modified_gmt":"2026-05-02T22:26:37","slug":"fca-urges-firms-to-harness-new-information-sharing-powers-under-eccta-for-more-effective-market-abuse-disruption","status":"publish","type":"post","link":"https:\/\/sawahsolutions.com\/lap\/fca-urges-firms-to-harness-new-information-sharing-powers-under-eccta-for-more-effective-market-abuse-disruption\/","title":{"rendered":"FCA urges firms to harness new information-sharing powers under ECCTA for more effective market abuse disruption"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The FCA&#8217;s latest Market Watch highlights how firms can use newly granted information-sharing powers to better identify and combat criminal market manipulation, though existing reporting duties remain unaffected.<\/p>\n<\/div>\n<div>\n<p>The Financial Conduct Authority has used its latest Market Watch bulletin to press firms to make fuller use of new information-sharing powers created by the Economic Crime and Corporate Transparency Act 2023, saying the regime can help them identify and disrupt criminal market abuse more effectively. In Market Watch 85, the regulator said the law allows in-scope firms to exchange customer and former customer information directly when certain warning or request conditions are satisfied, while giving protection against breaches of confidentiality and civil liability so long as data protection rules are still met.<\/p>\n<p>According to the FCA, the warning condition is triggered where a firm has already taken, or would have taken, protective steps such as ending or restricting a customer relationship because it suspects criminal market manipulation. The request condition applies when a firm seeks information from another business that it reasonably believes may hold material useful to &#8220;relevant action&#8221;, including the prevention, detection or investigation of economic crime. Government guidance on the Act says the wider policy aim is to give firms a clearer network view of risk, so they can act earlier against illicit activity rather than relying only on isolated suspicious reports.<\/p>\n<p>The bulletin also makes clear that the regime is not a substitute for existing reporting duties. Firms still have to file suspicious activity reports and suspicious transaction and order reports where required, and the FCA said information-sharing is not a precondition for doing so. For now, the ECCTA framework covers certain market manipulation offences under the Financial Services Act 2012, but not insider dealing. The Home Office is separately considering whether the scope should be widened, while the FCA is encouraging firms to think not only about how the new rules apply to their own operations, but also about sharing emerging patterns and typologies of market abuse more broadly.<\/p>\n<h3>Source Reference Map<\/h3>\n<p><strong>Inspired by headline at:<\/strong> <sup><a target=\"_blank\" rel=\"nofollow noopener noreferrer\" href=\"https:\/\/www.jdsupra.com\/legalnews\/uk-fca-market-watch-85-market-conduct-5299139\/\">[1]<\/a><\/sup><\/p>\n<p><strong>Sources by paragraph:<\/strong><\/p>\n<p>Source: <a target=\"_blank\" rel=\"nofollow noopener noreferrer\" href=\"https:\/\/www.noahwire.com\">Noah Wire Services<\/a><\/p>\n<\/p><\/div>\n<div>\n<h3 class=\"mt-0\">Noah Fact Check Pro<\/h3>\n<p class=\"text-sm sans\">The draft above was created using the information available at the time the story first<br \/>\n        emerged. We\u2019ve since applied our fact-checking process to the final narrative, based on the criteria listed<br \/>\n        below. The results are intended to help you assess the credibility of the piece and highlight any areas that may<br \/>\n        warrant further investigation.<\/p>\n<h3 class=\"mt-3 mb-1 font-semibold text-base\">Freshness check<\/h3>\n<p class=\"text-sm pt-0 sans\"><span class=\"font-bold\">Score:<br \/>\n        <\/span>8<\/p>\n<p class=\"text-sm pt-0 sans\"><span class=\"font-bold\">Notes:<br \/>\n        <\/span>The article references the FCA&#8217;s Market Watch 85, published on 29 April 2026, which is recent. The JD Supra article summarises this publication, indicating freshness. However, the JD Supra article was published on 1 May 2026, suggesting a 2-day delay in reporting. This slight delay is acceptable for timely reporting. No evidence of recycled news or discrepancies in figures, dates, or quotes was found. The narrative appears original and not based on a press release. No concerns about freshness were identified.<\/p>\n<h3 class=\"mt-3 mb-1 font-semibold text-base\">Quotes check<\/h3>\n<p class=\"text-sm pt-0 sans\"><span class=\"font-bold\">Score:<br \/>\n        <\/span>7<\/p>\n<p class=\"text-sm pt-0 sans\"><span class=\"font-bold\">Notes:<br \/>\n        <\/span>The article includes direct quotes from the FCA&#8217;s Market Watch 85. These quotes are consistent with the FCA&#8217;s publication. No earlier usage of these quotes was found, indicating originality. However, the JD Supra article does not provide direct links to the FCA&#8217;s Market Watch 85, making independent verification of the quotes challenging. While the quotes appear accurate, the lack of direct sourcing reduces the verification score.<\/p>\n<h3 class=\"mt-3 mb-1 font-semibold text-base\">Source reliability<\/h3>\n<p class=\"text-sm pt-0 sans\"><span class=\"font-bold\">Score:<br \/>\n        <\/span>6<\/p>\n<p class=\"text-sm pt-0 sans\"><span class=\"font-bold\">Notes:<br \/>\n        <\/span>The JD Supra article is authored by A&amp;O Shearman, a reputable law firm. However, JD Supra is a platform that republishes content from various sources, which may affect the independence of the reporting. The FCA&#8217;s Market Watch 85 is a primary source, but the JD Supra article does not provide direct links to it, making independent verification more difficult. The reliance on JD Supra for this information introduces potential biases and reduces the overall reliability score.<\/p>\n<h3 class=\"mt-3 mb-1 font-semibold text-base\">Plausibility check<\/h3>\n<p class=\"text-sm pt-0 sans\"><span class=\"font-bold\">Score:<br \/>\n        <\/span>8<\/p>\n<p class=\"text-sm pt-0 sans\"><span class=\"font-bold\">Notes:<br \/>\n    <\/span>The claims about the FCA&#8217;s Market Watch 85 and the Economic Crime and Corporate Transparency Act 2023 are plausible and align with known regulatory developments. The JD Supra article accurately summarises the FCA&#8217;s publication and provides context about the ECCTA. No inconsistencies or implausible claims were identified. The language and tone are appropriate for the topic and region. No excessive or off-topic details were found. The content does not exhibit unusual drama or vagueness. No concerns about plausibility were identified.<\/p>\n<h3 class=\"mt-3 mb-1 font-semibold text-base\">Overall assessment<\/h3>\n<p class=\"text-sm pt-0 sans\"><span class=\"font-bold\">Verdict<\/span> (FAIL, OPEN, PASS): <span class=\"font-bold\">PASS<\/span><\/p>\n<p class=\"text-sm pt-0 sans\"><span class=\"font-bold\">Confidence<\/span> (LOW, MEDIUM, HIGH): <span class=\"font-bold\">MEDIUM<\/span><\/p>\n<p class=\"text-sm mb-3 pt-0 sans\"><span class=\"font-bold\">Summary:<br \/>\n        <\/span>The article provides a timely and plausible summary of the FCA&#8217;s Market Watch 85 and the Economic Crime and Corporate Transparency Act 2023. While the content is generally reliable, the lack of direct links to the FCA&#8217;s publication and the use of JD Supra as an intermediary source reduce the independence of verification. The quotes are consistent with the FCA&#8217;s publication, but independent verification is challenging due to the absence of direct sourcing. Overall, the content meets the verification standards, but the medium confidence reflects the noted concerns.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The FCA&#8217;s latest Market Watch highlights how firms can use newly granted information-sharing powers to better identify and combat criminal market manipulation, though existing reporting duties remain unaffected. The Financial Conduct Authority has used its latest Market Watch bulletin to press firms to make fuller use of new information-sharing powers created by the Economic Crime<\/p>\n","protected":false},"author":1,"featured_media":23891,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[],"class_list":{"0":"post-23890","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-london-news"},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/sawahsolutions.com\/lap\/wp-json\/wp\/v2\/posts\/23890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sawahsolutions.com\/lap\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sawahsolutions.com\/lap\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sawahsolutions.com\/lap\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sawahsolutions.com\/lap\/wp-json\/wp\/v2\/comments?post=23890"}],"version-history":[{"count":1,"href":"https:\/\/sawahsolutions.com\/lap\/wp-json\/wp\/v2\/posts\/23890\/revisions"}],"predecessor-version":[{"id":23892,"href":"https:\/\/sawahsolutions.com\/lap\/wp-json\/wp\/v2\/posts\/23890\/revisions\/23892"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sawahsolutions.com\/lap\/wp-json\/wp\/v2\/media\/23891"}],"wp:attachment":[{"href":"https:\/\/sawahsolutions.com\/lap\/wp-json\/wp\/v2\/media?parent=23890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sawahsolutions.com\/lap\/wp-json\/wp\/v2\/categories?post=23890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sawahsolutions.com\/lap\/wp-json\/wp\/v2\/tags?post=23890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}