Government Departments: Financial Markets
The question
To ask the Minister for the Cabinet Office, what guidance his Department has issued on (a) the rules surrounding the communication of market sensitive information to the media and the public and (b) how the Market Abuse Regulation applies to government departments.
Answered by Georgia Gould
As part of their work, officials may handle commercial or market sensitive information, which may be in scope of the UK Market Abuse Regulation, in which case they should familiarise themselves with their obligations under the law.
As the relevant authority, the Financial Conduct Authority publish best practice guidance for government departments, industry regulators and public bodies to help them comply with the relevant obligations under the UK Market Abuse Regulations: https://www.fca.org.uk/markets/best-practice-note-identifying-controlling-and-disclosing-inside-information.
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