Category Archives: Uncategorized

Dear CEO/Director” letter from FCA: A Missed Opportunity for Effective Guidance?

On 06 April 2023, the UK Financial Conduct Authority (FCA) published a letter addressing all CEOs and directors of firms offering Contracts for Difference (CFD) and foreign exchange (FX) products. The letter highlights some important points related to the new Consumer Duty rules, but I believe that its guidance may be too generic and not […]

FCA’s 2023/24 Business Plan: Commitment to Removing Non-Compliant Firms from Regulated Market

On 05 April 2023, the Financial Conduct Authority (FCA) released its business plan for 2023/24, in which it stated its intention to continue identifying and cancelling firms that do not meet Threshold Conditions quickly and at scale, removing them from the regulated market. This commitment has particular relevance to Contract for Difference (CFD) firms, which […]