Market Abuse 2025 refresher for Wealth Managers

Pete works with clients on a number of regulatory areas including CASS, market abuse and best execution.

His previous role was in the compliance department of an Investment Platform where he supported the CASS oversight function. In this role, he completed CASS RP, policy and procedure reviews, and advising on CASS specific regulatory change. Pete worked with the firm to ensure it was prepared for the roll out of SM&CR. This included reviewing governance structures, identifying certified staff, and offering training on the scope and impact of the Conduct Rules.

As a result of an internal secondment at the same firm, Pete gained insight into AML requirements, policies and procedures, and relevant oversight. He was also heavily involved in various FCA driven requests for information – including the Investment Platform Market Study and all subsequent reports and consultations.

Pete has a BA (Hons) degree in History and holds the CISI Diploma in Investment Compliance, the CISI certificate in Client Money and Assets, and the CISI certificate in Investment Operations.

Monica supports clients with market abuse risk management, benchmark regulation, compliance with IOSCO and wider regulatory requirements.

She has advised numerous firms on their market abuse systems and controls, including the development of risk assessments, policies, procedures, the calibration of alerts, and section 166 and health checks in the market abuse sphere. She also oversees our managed services for both trade surveillance and communications surveillance.

Before joining Bovill Newgate, Monica was at the FCA for eight years in Enforcement and Market Oversight investigating cases of market abuse before moving to the Wholesale Policy and International Division. There she worked on developing the European Market Abuse Regulation (MAR) with other European countries and ESMA; working closely with ACER and OFGEM in the UK in development of the market abuse regime for the energy markets; the development of the FX Global Code with the Bank of England and later on in the onshoring of MAR in UK legislation following Brexit.

She holds an LLM (Master of Laws) in International Banking and Finance Law from University College London (UCL) and a Law Degree holder from Universidad de los Andes, Colombia with specialisation in Finance law.