Do you need to make any immediate notifications to regulators?

Any transactions involving (or suspected of involving) insider dealing, price manipulation, money laundering or anti-competitive behaviour may need to be reported to the relevant national regulatory body (and in some contexts to the relevant financial and other public authorities). For example, in the UK the financial services sector has to deal with the FCA in an open and co-operative way, and must tell the FCA promptly if there is anything it should be aware of.  You may need to consider:

  • if there might be a regulatory aspect, be sure to involve your compliance function from the outset
  • in some circumstances, it may be advisable to notify regulatory/financial/public authorities voluntarily, in order to maintain professional relationships with regulatory bodies