UK FSA’s new powers unlikely to harm City FX
NEWS
LONDON -- UK regulator the Financial Services Authority assumed its full powers last week, but the rules are unlikely to impact on FX trading operations in the City of London.
The foreign exchange market remains one of the few unregulated markets globally, and although the Financial Services and Markets Act 2000, which came into force on December 1, gives the FSA wide-ranging powers, the interbank FX market will be relatively immune.
"FX is not a regulated market, and the Act covers regulated
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