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I am unable to go into detail regarding individual cases. Investigations into alleged
market abuse are the purview of the FCA, who I understand are aware of these allegations.<p>
</p>The Government takes any attempt at market abuse extremely seriously and is committed
to ensuring that financial markets are sound and transparent. The Market Abuse Regulation
(MAR) strengthens the previous UK market abuse framework by extending its scope to
new markets, new platforms and new behaviours. It contains prohibitions of insider
dealing, unlawful disclosure of inside information and market manipulation, provisions
to prevent and detect these acts, and powers to take enforcement action against those
who do. I am confident that under MAR we have robust systems and controls in place
to preserve market integrity and protect investors.
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