Plus500: FCA’s topics will have a material operational and financial impact on the UK regulated subsidiary
Plus500, a leading online service provider for retail customers to trade CFDs internationally, notes the movement in its share price following the publication on 6 December 2016 by the Financial Conduct Authority (“FCA”) of a note regarding enhancing the conduct of business regime. Industry participants have been requested to provide comments to the FCA’s proposals by 7 March 2017.
The Company believes that the topics covered in the note will have a material operational and financial impact on the UK regulated subsidiary which represents approximately 20% of the Groups revenues.
According to Plus500 release, a further announcement will be made in due course in conjunction with a year end trading update.
Source: Plus500
Read FCA’s Proposals HERE
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