FSA Consultation Paper on Disclosure of Contracts for Difference
Published on:
February 12, 2008
SIFMA and the International Capital Markets Association (ICMA) provide comments to the Financial Services Authority (FSA) on the FSA Consultation Paper on Disclosure of Contracts for Difference (CFD). The groups do not believe that the market failure evidence presented in the consultation paper support the FSA taking action to increase the disclosure of CFD positions. The groups believe the FSA’s analysis does not bring actual examples of market failure caused by non-disclosed stake building using CFDs.