The Financial Conduct Authority (FCA) has proposed a ban on the sale, marketing and distribution of derivatives and exchange traded notes (ETNs) referencing certain types of cryptoassets to retail clients, which it estimates could save consumers up to £234m per year.
Crypto-derivatives, according the FCA, have "no reliable basis for valuation" and high levels of market abuse and crime, while there is also a "lack of a clear investment need for investment products referencing...
Transfer did not proceed
Martin Lines outlines key issues
Data live from December
'No stone will be left unturned by regulators'
Fit and proper deadline
Leigh Day in “final stages”
'We can't do this alone'
SJP receives scathing open letter from shareholder criticising 'bloated organisational structure' and 'excessive pay'
Suggests reducing adviser operating expenses
90% relate to Covid-19