Plus500 Limited FCA Update (0870R)
06 December 2016 - 10:37AM
UK Regulatory
TIDMPLUS
RNS Number : 0870R
Plus500 Limited
06 December 2016
06 December 2016
Plus500 Ltd.
("Plus500" or "the Company")
FCA Update
Plus500, a leading online service provider for retail customers
to trade CFDs internationally, notes the movement in its share
price following the publication on 6 December 2016 by the Financial
Conduct Authority ("FCA") of a note regarding enhancing the conduct
of business regime. Industry participants have been requested to
provide comments to the FCA's proposals by 7 March 2017.
The Company believes that the topics covered in the note will
have a material operational and financial impact on the UK
regulated subsidiary which represents approximately 20% of the
Groups revenues.
A further announcement will be made in due course in conjunction
with a year end trading update.
Enquiries
Plus500
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Elad Even-Chen, Chief Financial +972 4 8189503
Officer ir@Plus500.com
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Liberum - Nomad and Broker
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Clayton Bush, Neil Elliot, +44 20 3100
Josh Hughes 2222
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Berenberg (Joint Broker)
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Chris Bowman, Amritha Murali, +44 20 3207
Marie Stolberg 7800
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MHP Communications
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Reg Hoare, Tim Rowntree, +44 20 3128
Kelsey Traynor 8100
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About Plus500
Plus500 has developed and operates an online trading platform
for retail customers to trade CFDs internationally over more than
2,250 different underlying global financial instruments comprising
equities, ETFs, foreign exchange, indices, commodities and options.
The Company enables retail customers to trade CFDs in more than 50
countries. The trading platform is accessible from multiple
operating systems (Windows, smartphones (iOS, Android and Windows
Phone) and tablets (iOS, Android and Surface)) and the internet.
The Directors believe that the success of the Company to date has
been primarily due to the proprietary technology it has developed
and continues to develop to support the trading platform. The
trading platform has been designed to be as intuitive and easy to
use as possible. The trading platform has been localised into 31
languages. The Directors believe that this emphasis on technology,
together with the Company's targeted online marketing strategy, has
helped to differentiate the Company from its competitors.
www.plus500.com
This information is provided by RNS
The company news service from the London Stock Exchange
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December 06, 2016 05:37 ET (10:37 GMT)