FCA Update

RNS Number : 0870R

Plus500 Limited

06 December 2016

 

06 December 2016

Plus500 Ltd.

("Plus500" or "the Company")

FCA Update

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.

A further announcement will be made in due course in conjunction with a year end trading update. 

Enquiries

Plus500
Elad Even-Chen, Chief Financial Officer	[phone] [e-mail]
Liberum - Nomad and Broker
Clayton Bush, Neil Elliot, Josh Hughes	[phone]
Berenberg (Joint Broker)
Chris Bowman, Amritha Murali, Marie Stolberg	[phone]
MHP Communications
Reg Hoare, Tim Rowntree, Kelsey Traynor	[phone]

About Plus500

Plus500 has developed and operates an online trading platform for retail customers to trade CFDs internationally over more than 2,250 different underlying global financial instruments comprising equities, ETFs, foreign exchange, indices, commodities and options. The Company enables retail customers to trade CFDs in more than 50 countries. The trading platform is accessible from multiple operating systems (Windows, smartphones (iOS, Android and Windows Phone) and tablets (iOS, Android and Surface)) and the internet. The Directors believe that the success of the Company to date has been primarily due to the proprietary technology it has developed and continues to develop to support the trading platform. The trading platform has been designed to be as intuitive and easy to use as possible. The trading platform has been localised into 31 languages. The Directors believe that this emphasis on technology, together with the Company's targeted online marketing strategy, has helped to differentiate the Company from its competitors.

www.plus500.com

 

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