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.