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<p>The Financial Conduct Authority published requirements for firms relating to dividend
arbitrage in Market Watch 52, along with a summary of the findings of a review of
firms engaged in the practice. These requirements are designed to ensure that firms
maintain effective systems and controls to ensure they are not used to facilitate
market abuse, or are used for a purpose connected with financial crime.</p><p> </p><p>The
UK is taking a leading role internationally in preventing the use of these practices
for illicit purposes and I am working closely with the Financial Conduct Authority
to ensure that these practices are not used to facilitate market abuse.</p>
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