Exclusive: FCA Considering to Force STP Brokers to Upgrade Their Licenses

[kreslik.news]

The UK financial regulator, the Financial Conduct Authority is considering a series of steps that could prove to be very challenging for a big part of the London-based FX industry. According to sources with knowledge of the matter, the watchdog has distributed a letter to a number of UK-based brokers to inform them of prospective changes to the regulatory environment.

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According to the letter, the FCA is considering to force straight-through processing (STP) brokers to upgrade their license to full market makers. This is necessary ... (read more)