FCA product intervention – going it alone?

The FCA have now published their Policy Statement for CFDs and CFD-like options following the Consultation paper released in December 2018.

Whilst most of the measures are as expected the statement includes some interesting points to note, which may be a hint of things to come:

  • The FCA statement applies to a wider range of products than originally covered by ESMA’s temporary intervention measures by including CFD-like options
  • This extension of scope is applied despite specific feedback from other European regulators including the AMF and BaFin
  • The FCA have clarified that they do not intend to capture firms that manufacture CFD-like options for sale through intermediaries outside of the UK

You can read the full report on the FCA’s website here.

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