The Financial Conduct Authority (FCA) says fund groups must do more to ensure they control the risk of market abuse, following a thematic review into the issue.
The regulator's review into how asset managers control the risks of insider dealing, improper disclosure and market manipulation found only a "small number" of firms had comprehensive practices and procedures in place.
It comes as the FCA increases its focus on insider dealing and related issues, having issued fines totalling £346
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