FCA Proposals Send Shockwaves Across Atlantic, GAIN’s Shares Fall 9%
Posted: Mon Dec 05, 2016 5:22 pm
The UK’s Financial Conduct Authority (FCA) made waves today when the foreign exchange and contracts for difference (CFDs) regulator issued a consolation paper to companies from the industry – the paper outlined several proposed changes to the existing regulatory framework that polices conduct of rolling spot FX, CFDs and spread betting providers.
Following the announcement, the FCA has given companies until March 7th, 2017 to submit their comments directly to the regulator on listed proposed changes. The proposals themselves are ultimately designed to help better shield retail traders are listed below:
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