2008:
RD:IR responds to FSA consultation on CfDs
12 February 2008Today, RD:IR responded to the consultation paper of the Financial Services Authority (FSA) on disclosure of contracts for difference (CfDs).
RD:IR has long supported the view that the simplest mechanism for increased market transparency, is to introduce a regime similar to that implemented by the Takeover Panel during takeover situations, which requires notification of economic interests in shares held through instruments such as CfDs.
RD:IR expressed disappointment that the FSA consultation failed to put forward this route as an option going forward. Instead, two options were proposed: the first being overly complex and seemingly impossible to enforce; and the second allowing a stake of 8% to be built without disclosure.
You can view our response to the FSA by downloading the PDF Document here |
