MONDAY, 24 JAN 2022

 

CONNECT

Facebook Linked In Twitter
IMH LTD

Kasoulides In Brussels To Attend Foreign Affairs Council And General Affairs Council

Christine Lagarde Rejects Calls for ECB to Act Faster on Inflation

IMH LTD

PROFESSIONAL SERVICES

brought to you by PWC

FxPro Shelves Plans to Float on LSE

FxPro Shelves Plans to Float on LSE

Online currencies trader FxPro has shelved plans to float on the London stock market, after a regulatory clampdown sent a chill through the sector late last year, the Financial Times report.

FxPro has told prospective non-executive directors that it will remain private, in a development first reported by Sky News.

A spokesperson said, “The FCA consultation paper, published last month, has naturally put a spotlight on the retail trading industry and created a more uncertain regulatory backdrop. That is evident for all to see in the valuations of firms with a strong exposure to the UK market place. As such, it makes sense for us to wait until the UK regulatory environment is clearer before deciding on our future plans.”

“Overall, we welcome the opportunity that the FCA’s Consultation Paper provides to further promote greater transparency within the industry as a whole and we will take an active role in this and future consultations to ensure that our clients continue to have the best protection and understanding of CFD trading.”

“The group, which has subsidiaries in the UK and Cyprus, offers contracts for difference – financial instruments that have come under scrutiny by the UK’s financial regulator, the Financial Conduct Authority. The FCA was alarmed at the proportion of customers losing money on CFDs, and questioned “whether binary bets meet a genuine investment need”. It wants to limit the scale of risk that users can assume, and ensure they understand the potential losses.”

 

MORE ON PROFESSIONAL SERVICES

ICAP People Solutions Welcomes Maria Petrides As Senior Manager, Executive Search & Selection Cyprus

  Maria Petrides has over 17 years of significant experience in executive search ...

Hellenic Life Introduces Smart Plan

Hellenic Life has rolled out Smart Plan, its new insurance investment plan offering ...

Deloitte’s Tax Facts 2022: Every Taxpayer’s Tool To The Tax System In Cyprus

Deloitte has issued its annual tax guide for 2022, "Cyprus Tax Facts 2022". ...

FROM AROUND GOLDNEWS

   

GOLD Magazine: COMPLIANCE & REGTECH

Compliance has become an essential aspect of the activities of all regulated entities, from banks and investment firms to insurance companies, Forex ...
   

Kasoulides In Brussels To Attend Foreign Affairs Council And General Affairs Council

Foreign Minister Ioannis Kasoulides will participate in the EU’s Foreign Affairs Council (FAC) and General Affairs Council (GAC) in Brussels on Monday and ...
   

Renault, Nissan, Mitsubishi To Unveil 2030 EV Plan This Week

Nissan Motor Co and Mitsubishi Motors Corp (7211.T) plan to triple their investment to jointly develop electric vehicles (EVs), two people with knowledge of ...
   

Cyprus Shipping Deputy Ministry Announces A Tender For The Digital Transformation Of The Shipping Deputy Ministry

The Cyprus Shipping Deputy Ministry (SDM) announces the launch of a tender (Tender No. SDM 1/2022) for the Digital Transformation of the Shipping Deputy ...
   

Christine Lagarde Rejects Calls for ECB to Act Faster on Inflation

Christine Lagarde has rejected calls for the European Central Bank to raise interest rates more quickly than planned in response to record inflation, saying it ...
   

Crypto Crash: Bitcoin Losses Nearly Half Its Value And Extends Losses As Market Fails To Rally

Bitcoin continued to plunge on Saturday following Friday’s cryptocurrency market crash, dropping 5.6 per cent to sit below the $35,000 (€30,851) threshold for ...
   

Hong Kong’s Financial Sector Faces Talent Crunch As Expats Head For The Exit

Late last year, Tania Sibree quit her well-paid job as a financial services lawyer in Hong Kong and returned to Australia rather than live a moment longer with ...
   

Apartments Keep Pushing Residence Prices Up

Residential property prices in Cyprus continued to rise in Q3 2021, primarily driven by apartment purchases, according to Residential Property Price Index ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

gold_january_2022
CIM_SUMMIT_24/1-8/4

IMH LTD