FCA plans wider retail ban of CFDs following ESMA proposals
Could reduce annual losses by up to £451m
The Financial Conduct Authority (FCA) is set to extend the retail market ban of contract for differences (CFDs) and binary options, which was proposed by pan-European regulator ESMA earlier this year, to include "closely substitutable products".
In March, ESMA introduced a number of EU-wide temporary measures for the provision of CFDs, including a ban on the sale or marketing of binary options to retail investors. Following a consultation as...
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