Page 37 - 期货和衍生品行业监管动态（2025年10月）
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期货和衍生品行业监管动态
机构不得向零售客户强行推送自选成为专业投资者或鼓励其转为专业投资
者。FCA 将对违规机构采取行动，并持续打击非法推广金融服务的金融影响者。
FCA 卖方市场主管 Mark Francis 表示：
“差价合约是复杂的高风险产品。规则中向零售投资者提供的保护措施每年
为英国消费者节省数百万资金。我们注意到部分机构正引导群众投入超出其承受
能力的资金。投资者应高度警惕试图以此类方式规避规则的价差合约公司，以及
那些在社交媒体上鼓吹‘好得令人难以置信’投资机会的推广者。”
根据《消费者责任准则》，消费者必须获得能理解的沟通信息，以及符合其
需求并体现公允价值的产品服务。FCA 的“智慧投资”活动提供了实用工具，
帮助群众做出更明智的投资决策。
FCA Warns Investors in CFDs Risk Losing out on Protections (2025/10/30)
People who invest in Contracts for Difference (CFDs) are being urged not to give
up vital consumer protections by the FCA.
CFDs are a way to bet on the price of a share or asset moving up or down
without owning it. The FCA is concerned that firms are using high-pressure
techniques to encourage investors to claim they are professional clients, putting them
at risk of losing more money than they can afford.
The retail client protections, including leverage limits and client loss protections,
prevent nearly 400,000 people a year from risking more than their original stake in
CFDs and provide between £267m and £451m worth of protection.
The FCA has also found investors are being targeted by finfluencers, who may
not make it clear that they are promoting unregulated firms operating offshore. Some
of these finfluencers promise consumers unrealistic returns if they copy trades, invest
in managed accounts or pay for daily trading tips. Over 90,000 people have lost
around £75m over a 4-year period in this way at just one firm.
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