GREATER DISCLOSURE ON CONTRACTS FOR DIFFERENCE IS WELCOME

Responding to the FSA's update on disclosure for contracts for difference (CfDs), Guy Sears, Director - Wholesale, at the Investment Management Association said,

"Greater disclosure regarding trading positions is welcome.  By not limiting themselves to positions that directly control votes, the FSA's proposal reduces the chances that ‘creative' investors might avoid the spirit of the new rules." 

The FSA update can be found here.

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About Investment Management Association (IMA)
The IMA is the trade body for the UK's £3,100 billion asset management industry.  The money its members manage is in a wide variety of investment vehicles including authorised investment funds, pension funds and stocks and shares ISAs.  Its role is to represent the industry and promote high standards

For further information, please contact:
Noreen Shah, Press Officer, IMA, 020 7831 0898

Out of hours:
Mona Patel, Head of Communications, IMA, 07834 089332