FCA Hints at Widening Leverage Restrictions to Include CFD-Like Products
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FCA Hints at Widening Leverage Restrictions to Include CFD-Like Products
The leverage restrictions on contracts for differences (CFDs) in the European Union (EU) has come into effect today. However, Britain’s Financial Conduct Authority (FCA) has already voiced concerns that further reforms are needed on products that are similar to CFDs but are not currently included in the regulation.
In a statement today, the British watchdog has warned that banks may try to skirt around the regulations by still offering high leverage investment products to retail investors that have similar features to CFDs, such as Turbo Certificates. This is because the products are equally as complex and carry ... (read more)
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