UK FCA to monitor CFD-like products including turbos as Esma intervention comes in force

The UK Financial Conduct Authority (FCA) has issued a word of caution regarding the European Securities and Markets Authority (Esma) intervention on the sale, marketing and distribution of contracts for difference (CFDs) to retail clients. The intervention has come into effect from August 1 and would be in force for three months. The measure restricts the distribution or sale of CFDs to retail clients, with a view of: limiting the leverage on positions; installing margin close out rules; balanc