Frankfurt-based Counsel Hartmut Renz, who focuses on finance and capital markets regulation with a particular emphasis on compliance matters, spoke at a meeting sponsored by FICO Tonbeller AG on February 11, 2015. Hartmut addressed the amendments of the Market Abuse Directive (MAD 2/MAR), giving particular attention to changes regarding insider trading, ad hoc-reporting obligations, directors’ dealings, insider lists and market manipulation. He also addressed the guidelines on market sounding.
Taken as a whole, these amendments will have significant effects on compliance organizations in credit institutions and compliance management systems. Hartmut expects the amendments’ application will be extended to additional financial instruments and additional markets (MFT’s and OTF’s). Credit institutions within the EU will have until mid-2016 to implement the new requirements.
FICO, a leading predictive analytics and decision management software company, announced its acquisition of Bensheim, Germany-based TONBELLER, an innovative provider of financial crime and integrated IT governance, risk and compliance solutions, on January 13, 2015.
February 11, 2015