Response to FCA findings

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                                                                                                           [phone]

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/

 

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