The Financial Conduct Authority (FCA) has decided to delay making final conduct rules for firms providing contract for difference (CFD) products to UK retail clients as it awaits the outcome of the European Securities and Markets Authority (ESMA) decision.
In a statement released today, the FCA said it has decided to delay making any further decisions following ESMA's confirmation that it too will be considering product intervention measures under Article 40 of the Markets in Financial Instruments Regulation (MiFIR). The FCA and ESMA are looking at "broadly similar" measures in relation to leverage and guarantee limits. Last December, the UK regulator announced an array of proposed measures to protect the consumer in relation to the use of CFDs, including the introduction of standardised risk warnings and mandatory disclosure of profi...
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