FSA publishes conclusions of M&A inside information review

The FSA also said firms should:
• be less complacent about their internal systems to stop information being revealed;
• apply more rigorous criteria for selecting insiders on deals; and
• improve security on technology holding sensitive information.

Sally Dewar, the FSA’s director of markets, said: "The development of a Statement of Good Practice to assist non-regulated firms who participate in the M&A sector will be key to these improvements. We will be working closely with a range of external