FSA's awareness drive on market abuse targets PR

The PR industry this week backed attempts by the Financial Services

Authority (FSA) to raise awareness of its new market abuse regime.

More than 80 in-house and agency PROs attended a seminar held by the FSA

last week to help clarify the implications for financial PR of the Code

of Market Conduct.

The seminar, addressed by FSA managing director Michael Foot, covered

the details of the code and the long-standing rules on the handling of

price-sensitive information under UK listing rules.

IPR president Jon Aarons welcomed the FSA's move: 'Events of 11

September, the launch of the euro and the collapse of Enron make

strengthening confidence in London as a world trading centre even more


He added: 'Fair, timely and accurate disclosure requires a financial PR

community that shares the collective responsibility of more meaningful


The new code came into effect last December.

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