Ig Share Discussion Threads

[discodave4] 19/6/2017 12:46

Thanks PJ.Wouldn't be surprised if its late, but who knows.DD

[pj0077] 19/6/2017 12:10

Last December the FCA stated "we aim to publish a Policy Statement confirming final FCA handbook rules in Spring 2017".I emailed the FCA a couple of weeks ago, the reply I go was:"As you can find on our Policy Development Update here - hxxps://www.fca.org.uk/news/policy-development-update - the FCA is expected to issue to a follow up to CP16/40 in June."For me the key words in this reply are "expected to issue to a follow up".This suggests the timetable possibly has slipped. The words "follow up" don't appear to suggest that they are ready to publish final rules.Read into that what you will.

[discodave4] 19/6/2017 11:58

"That's the last I read and "Spring" is behind us already!"Officially Spring ends 21st June.Dusseldorf Guess now that's why you were saying tomorrow/wednesday!DD

[gbh2] 19/6/2017 11:19

"On the timing of new CFD regulations, the FCA stated that it will publish its
Policy Statement on the matter “later this year“. That of course could mean next week or next month. But since the FCA changed “later this Spring” (in its most recent communique) to “later this year”, it sounds like it might be a while until we find out what it decides."

That's the last I read and "Spring" is behind us already!

[discodave4] 19/6/2017 10:01

May I ask where you had that from?Cannot find any definitive dates for the policy statement, just Spring 2017.DD

[dusseldorf] 19/6/2017 08:54

FCA Policy update (post consultation) due tomorrow/Wednesday (unless delayed).

[lingy] 16/6/2017 16:43

Gbh2 that's why I picked this up too,it's far easier imo.

[gbh2] 15/6/2017 09:20

Seeing as I frequently seem to donate to their coffers I decided to Pick up a few this morning.

[lydnem] 14/6/2017 14:15

Brexit wont happen

[liquidkid] 14/6/2017 10:31

The FCA is just a chess piece at the Brexit negotiation table. It is a mere pawn compared to the EURO clearing move, but its actions are more that of the righteous Bishop. A straight line underhand attack using the EU MiFiD rule on a UK cottage industry that didn't see it coming. Brexit WILL change the game.

The faster we can leave the EU & TheFCA gets severed at head the better the UK financial markets can GTF out of MiFiD

EU member states must apply the bulk of MiFID II’s provisions from 3 January 2018.

...Hits the clock.

[discodave4] 13/6/2017 13:58

ps okay going up today! :)But this should be heading for £7 not £6.

[discodave4] 13/6/2017 13:56

PJ"No news is good news"Don't know about that, it's holding the share price back IMO.DD

[pj0077] 13/6/2017 13:52

The FCA Review will inevitably be delayed (the deadline is next Tuesday). They received in excess of 2500 responses in the Consultation Period - and would have expected to receive only around 100.To my mind, no news is good news. It means the FCA is listening rather than blindly forcing an agenda.

[discodave4] 13/6/2017 10:02

Thought the FCA paper was due sometime this month.......can't be long now (just hope it's not delayed!).DD

[discodave4] 12/6/2017 11:13

DusseldorfGood luck with LCG, looks like the bottom!.DD

[dusseldorf] 12/6/2017 10:37

DiscoDave4 - Indeed, good for all leveraged providers. I decided not to return to IGG (after small profit). Looks like I missed out on further gains, but I'm still exposed to leveraged trading via LCG - in theory, LCG are better positioned re: volatility (customer revenue), but there's been no recent trading update and results are long time coming, still due end by end of month so hopefully some current market commentary included, which may be reflective of what IGG are experiencing.

[discodave4] 09/6/2017 09:37

Hung parliament providing uncertainty and volatility for the markets - good for IGG no?DD

[pj0077] 03/6/2017 13:27

France has a Financial Transaction Tax.It doesn't apply to CFD's.

[zho] 02/6/2017 17:38

I'm not sure the UK could impose a Tobin tax without the agreement of all other major financial centres: unlikely, now that we're leaving Europe.

[catsick] 02/6/2017 17:07

Im sure if corbyn gets in and tries a tobin type tax it will be a huge boost to cfd vendors who will find a way round whatever is proposed, I dont think it will take a lot to outsmart Diane abbot or whoever is put in charge of it ...

[maurillac] 02/6/2017 09:52

i can`t see labour getting a majority so i wont be worrying too much about igg. i can see may getting a bloody nose though with a very slim majority or having to cosy up to the minor parties ....
m

[pulsey] 02/6/2017 09:36

The transaction tax is a form of Tobin Tax (the original Tobin Tax was for currency only)



That neither Labour nor the Conservatives have implemented it in recent history should be a good sign. I'm sure if Gordon Brown could have got away with it, he would. He spent our Assets and taxed everything else (Pension fund raid, anyone?).

[svenice7] 02/6/2017 09:13

Im keeping this even when it hits £20

[the oxford whale] 01/6/2017 20:09

I'm still trying to find out more info about it, no one seems to know though (and I suspect labour don't know themselves either lol). It's certainly a risk we should all be aware of though. Basically anyone trading using leverage would be screwed I would say as it would be impossible to make a profit. I would also guess that anyone hedging using CFDs wouldn't bother anymore either. Both of those would make up the majority of IGs revenue surely.

[hopeseternal] 01/6/2017 19:56

Ah right. Thank you for the clarification