FCA mulls restrictions on CFDs
The restrictions are fundamentally similar to those imposed by Esma earlier this year, but would have permanent effect
The Financial Conduct Authority is mulling imposing restrictions on the sale, marketing and distribution of contracts for difference (CFDs) and similar products to retail customers to address the risks posed from engaging in the trade of such products.
The UK regulator is concerned that consumers in the UK and internationally have suffered “large and unexpected trading losses” as a result of the intrinsic risks of these type of products, as well the poor conduct demonstrated by the firms
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