Saxo Bank reminds white label partners about market abuse compliance obligations
Multi-asset market investment specialist Saxo Bank has issued a notice to its white label partners reminding them about their market abuse compliance obligations.
Saxo Bank monitors and reports suspicious client behaviors under relevant regional market abuse regulations. This is fundamental to the development of fair and transparent markets.
As an example, EU MAR REGULATION (EU) No 596/2014 mandates:
- Article 14: Prohibition of insider dealing and of unlawful disclosure of inside information
- Article 15: Prohibition of market manipulation
- Article 16: Prevention and detection of market abuse (including reporting obligations)
Examples of market abusive behavior include, but are not limited to Insider Trading, Wash Trade, Quote Stuffing and Large Order Entry.
As a reminder, Saxo Bank’s White Label partners are also obligated to comply with relevant local/global regulations to monitor their end clients and to report any market abusive behavior to the relevant authorities.
Saxo Bank warns it will not service clients that misuse its trading platforms for any market abusive behavior.