Thread by @PerryFIndex, Worried about talk of FI being regulated by FCA and potential tax [...]

Perry FI

PerryFIndex

Worried about talk of FI being regulated by FCA and potential tax implications?

Continued...

*SPOILER ALERT*

There’s nothing to worry about...

#footballindex

The main reason not to be worried is by looking at Spread Betting

Similar to FI you are not buying the actual traded instrument. In our case footballers

We are speculating on the price of the product to rise or fall

In simple terms this puts it outside of UK Tax laws

Why FCA regs is better than Gambling regs?

It is a closer match to the product

Offers better protection to traders

It is more attractive regulator for Institutional investors and HNWI

Would open up more opportunities such as leverage and margin trading

Change is always a challenge and we are seeing huge change right now.

Short term is FI going to be a rocky road? Definitely

Have FI been less than perfect implementing this? Yes

But...

Is everything being said about future plans beneficial to the product? Absolutely!

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