The FCA’s recent issue of Market Watch features an article relating to the Market Abuse Regulation, with reference in particular to observations from the FCA's recent review of the market abuse systems and controls in place at market maker firms. In the article, the FCA sets out its high-level observations, which are summarised into four key areas: (1) market abuse risk awareness; (2) information barriers; (3) wall-crossing procedures and insider lists; and (4) ongoing monitoring and surveillance. The FCA points out that, although the review focused on small and mid-cap equity market makers, the findings will be of interest to all firms undertaking market making activities.