Industry insight: improving the conduct of business of CFD firms

On 6 December 2016, the FCA published a Consultation Paper (CP16/40), which outlined concerns about the increasing evidence of poor conduct of firms providing CFD products to retail clients and the increased risks to investor protection. Many of the ideas raised by the FCA in this paper could have significant and wide-sweeping effect on the future size and shape of the CFD market and the way you do business.

MiFID II countdown: transaction reporting

MiFID II expands the current objective of transaction reporting from “the detection and investigation of potential market abuse” to “supporting ‘market integrity”.

An important component of achieving that objective is the ability to obtain sufficient and relevant information on market activity. This requirement is at the heart of the transaction reporting requirements expressed in MiFID II. 

What will be in the 2017 Spring Budget?

The Chancellor of the Exchequer, Philip Hammond, will present his first and last Spring Budget on Wednesday 8 March.

The reason that this is a ‘one-off’ occasion is not because Mr Hammond is contemplating an exit from the role of Chancellor, but because on 23 November 2016, in his first and last Autumn Statement, he announced that in future the Budget would take place in the Autumn, and the Autumn Statement (which deals primarily with spending rather than tax decisions) would be abolished.

Tackling poor value products in the general insurance sector

The FCA is taking action to incentivise firms to improve the value of general insurance (GI) products being sold to consumers and has introduced a value measures pilot scorecard to provide greater transparency around product value comparison. However, developing a meaningful way of measuring the value of GI products is far from straightforward.
Here we examine the steps that the regulator has been taking in an effort to find a remedy and put forward our thoughts on how firms might tackle this metric within their own organisations.
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