Statement: FSA inquiries into gas prices
5 October 2004
The FSA has since November 2003 been conducting inquiries into whether activities surrounding the gas price fluctuations of October-November 2003 amounted to a breach of the market abuse regime under the Financial Services and Markets Act 2000.
The FSA has not found any evidence of such a breach occurring during that period. The FSA continues to undertake surveillance of activities within the traded gas market in order to ensure appropriate standards of conduct are observed.