The FCA has published a paper containing its findings on the thematic review of how asset management firms control the risk of committing market abuse. The regulator found that in all but a few firms, further work is required to ensure practices and procedures to control the risk of market abuse operate effectively and cover all material risks. In particular, firms need to pay more attention to the possibility of receiving inside information through all aspects of the investment process and take steps to manage this risk. Firms generally also need to improve the effectiveness of post-trade surveillance. Only a minority of firms were found to have appropriate controls for these matters. The FCA will be writing to firms in its thematic sample to provide individual feedback and it advises that senior management of asset management firms need to satisfy themselves that there are in place appropriate practices to manage the risk of market abuse.