CMC Markets Plc Response to FCA findings (5203B)
January 10 2018 - 9:06AM
UK Regulatory
TIDMCMCX
RNS Number : 5203B
CMC Markets Plc
10 January 2018
10 January 2018
CMC Markets Plc
Response to FCA findings
CMC Markets Plc ("CMC" or "the Group") notes that the Financial
Conduct Authority ("FCA") has today issued a letter to providers
and distributors of contracts for difference ("CFD").
Positive steps have already been taken by the Group to address
the points raised in an individual letter received from the FCA in
September 2017 and in conjunction with CMC's MiFID II preparedness.
CMC continues to focus on its target market and works closely with
its small number of distributors to enhance regulatory
compliance.
The Group welcomes the application of strong and consistent
regulation across the industry, to achieve fair client outcomes and
does not believe that these findings will have any additional
financial impact on the Group.
Enquiries
Camarco +44 (0) 20 3757 4984
Geoffrey Pelham-Lane
Ed Gascoigne-Pees
Jennifer Renwick
Notes to Editors
CMC Markets plc (CMC), whose shares are listed on the London
Stock Exchange under the ticker CMCX (LEI: 213800VB75KAZBFH5U07),
was established in 1989 and is now one of the world's leading
online financial trading businesses. The company serves retail and
institutional clients through regulated offices and branches in 14
countries, with a significant presence in the UK, Australia,
Germany and Singapore. CMC Markets offers an award-winning, online
and mobile trading platform, enabling clients to trade over 10,000
financial instruments across shares, indices, foreign currencies,
commodities and treasuries through contracts for difference
("CFDs"), financial spread bets (in the UK and Ireland only) and,
in Australia, access stockbroking services. More information is
available at http://www.cmcmarkets.com/group/
This information is provided by RNS
The company news service from the London Stock Exchange
END
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