CMC Markets publishes its response to FCA findings
CMC continues to focus on its target market and works closely with its small number of distributors to enhance regulatory compliance.
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.