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BRIEF-CMC Markets responds to FCA's consultation paper
December 9, 2016 / 7:27 AM / in 10 months

BRIEF-CMC Markets responds to FCA's consultation paper

Dec 9 (Reuters) - CMC Markets Plc

* Response to BaFin consultation paper

* Notes yesterday’s announcement by bafin regarding marketing, distribution and sale of CfD products to retail clients

* There are no other requirements from BaFin including no leverage limits

* And where retail clients’ risk is limited to their deposits, there is no prohibition on marketing, distribution and sale of cfds

* Welcome this balanced approach from BaFin and will respond to consultation in accordance with proposed timeline of 20 January 2017 Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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