Magister Legum - LLM / The regulation of market abuse is currently an ever evolving subject, to such an extent that it
has been placed as a high priority for regulators worldwide.¹ The Financial Markets Act 19 of
2012 (FMA) of South Africa² prohibits improper practices and is aimed at ensuring that
market participants operate in a market that is free, safe and fair. In light of the above and as
per example, all members of the stock exchange ensure that they accordingly adhere to the
aims of the FMA by exercising functions such as due diligence and having a shared goal in
embedding the values entrenched in the FMA.³ The purpose of this dissertation is aimed at
assessing the key elements of the transformation process that the South African financial
markets have embarked on, since the introduction of the FMA. More specifically, the paper
aims to focus on the elements in relation to market abuse practices.⁴ The paper seeks to: 1. provide an overview analysis of the current market abuse control enforcement framework in relation to some selected aspects of the financial markets in South Africa. 2. look at the regulation employed in one of the biggest trading products namely, equities and current lacuna, the legislation that governs high frequency trading under these trading products and in general. 3. review whether regulation in South Africa on market abuse practices are robust enough to deal with key market abuse practices such as insider trading and market
manipulation that manifested during the recent global financial crisis. 4. provide a comparative review of the current market leaders regulatory mechanisms on market abuse.
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:uwc/oai:etd.uwc.ac.za:11394/5174 |
| Date | January 2015 |
| Creators | Packies, Hilton |
| Contributors | Wandrag, Riekie |
| Publisher | University of the Western Cape |
| Source Sets | South African National ETD Portal |
| Language | English |
| Detected Language | English |
| Type | Thesis |
| Rights | University of the Western Cape |
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