Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

FSA Gets Tough on Media Relations

Global Glimpses | September 24, 2010

U.K. regulator the Financial Services Authority has launched a crackdown on companies that leak price-sensitive information to journalists. The move follows the regulator’s concern that an increasing number of senior corporate executives has been strategically leaking information.

A new paper sets out strict policies that companies and their advisers are expected to follow when dealing with questions from the media. The paper also warns companies that they could be committing market abuse even if they just confirm information that a journalist has obtained elsewhere.

The policies are directly aimed at regulated financial firms that advise companies on corporate transactions and securities law, but the regulator said their listed corporate clients should follow them too. Companies need a “much stricter culture that firmly and actively discourages leaks,” the FSA said.

The FSA said if it...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.