Lucy Frew's Fintech Column: July 2019

In this column, Lucy shares with our subscribers her views on the FCA’s proposals to ban the sale to retail clients of derivatives and exchange traded notes (ETNs) referencing certain types of cryptoassets.

FCA ADOPTS PATERNALISTIC STANCE

The FCA has proposed a ban on the sale to retail clients of all derivatives (meaning contract for differences (CFDs), options and futures) and exchange traded notes (ETNs) referencing unregulated transferable cryptoassets in a recent consultation paper (CP19/22). The ban would include crypto derivatives that reference an index or benchmark price, as well as those using a single price.

 

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Lucy FrewPartnerT +1 345 814 4676lucy.frew@walkersglobal.com