Suspicious transaction reporting
Contact
Market Abuse
To report market abuse call the Market Abuse Helpline.
Telephone: 020 7066 4900
Email:
Market abuse team
The requirement to report transactions suspected of constituting market abuse to the relevant competent authority (in the UK the FSA) is one of the major new features introduced by the Market Abuse Directive which is being implemented in the UK from 1st July 2005.
In deciding what transactions to report, the key test is that there are reasonable grounds for suspecting the transaction involves market abuse. (Reasonable suspicion is also the test in respect of the Proceeds of Crime Act (POCA) suspicious transaction reporting requirement.)
Our rules and guidance on suspicious transaction reporting (SUP15.10) make clear that notifications require sufficient indications that the transaction might constitute market abuse and that a firm will need to explain the basis for its suspicion when notifying the FSA.
It is also worth noting that the reporting requirement applies to transactions not orders to trade – although if any firm voluntarily wishes to bring a suspicious order to trade to our attention, they are encouraged to do so.
The suspicious transaction reporting form can either be filled in online or printed off and filled in by hand. The online version is submitted directly to our Market Abuse inbox. The printer friendly version should be sent to the Market Conduct Team; Financial Services Authority; 25 The North Colonnade; Canary Wharf; E14 5HS.
Suspicious transaction reporting form
Online STR form
This version is submitted directly to our Market Abuse inbox.
Online STR Form
Printer friendly STR Form
The printer friendly version should be sent to the Market Conduct Team; Financial Services Authority; 25 The North Colonnade; Canary Wharf; E14 5HS.
Printer friendly STR Form [PDF]