Business
Response to FCA findings
Response to FCA findings.
About this update from Cmc Markets Plc
[{"type":"text","content":"\n \nRNS Number : 5203B CMC Markets Plc 10 January 2018 \n\n10 January 2018\n \n \nCMC Markets Plc\n \nResponse to FCA findings\n \n \nCMC 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\").\n \nPositive 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. \n \nThe 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.\n \n \nEnquiries\n \nCamarco +44 (0) 20 3757 4984\nGeoffrey Pelham-Lane\nEd Gascoigne-Pees\nJennifer Renwick\n \n \n \n \nNotes to Editors\nCMC 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...