Regulation 39 Notification of market abuse
(1)
The appointed auction platform must—
(a)
establish and maintain effective arrangements, system and procedures—
(i)
to prevent and detecting market abuse and attempted market abuse,
(ii)
detect and report suspicious orders and transactions;
(b)
report to the FCA, any suspicions of market abuse or attempted market abuse by any person admitted to bid in the auctions or by any person on whose behalf the person admitted to bid in the auctions is acting,
in accordance with Article 16 of the Market Abuse Regulation and with any technical standards made under that Article.
(2)
The report given under paragraph (1) must state what remedial action it has taken or proposes to take to counter the wrongdoing referred to in paragraph (1).