Exclusive: Industry Responds to FCA’s Proposed Changes for Forex and CFDs Firms

[kreslik.news]

Earlier this morning, the UK’s Financial Conduct Authority, which is the chief financial regulator of foreign exchange & contracts for difference (CFDs) brokerages and spread betting providers in the country has issued a consolation paper to companies from the industry.

The watchdog has outlined some proposed changes to the regulatory framework that is governing the conduct of rolling spot forex, CFDs and spread betting providers. The FCA has given companies from the industry until the 7th of March 2017 to submit their comments to the regulator on the proposed changes that are aiming to better protect retail traders.