UK Futures

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Futures Broker Licenses
UK Futures

Activities

With a UK Futures License, entities can engage in various activities, including:

Engage in buying and selling futures contracts across multiple asset classes, including commodities, indices, forex, and stocks.
Offer investment advice related to futures trading and portfolio management.
Facilitate the clearing and settlement of futures trades for clients.
Provide risk management solutions tailored to futures trading.
Include CFDs and spread bets in their offerings to allow clients to speculate on price movements without owning the underlying assets.

Requirements

To operate as a futures trader in the UK, companies must meet several regulatory requirements:

Regulatory Approval
Obtain authorization from the Financial Conduct Authority (FCA) to operate as a futures trader or broker.
Capital Requirements
Maintain sufficient capital reserves as mandated by the FCA, which varies depending on the scale of operations.
Fit and Proper Test
Key personnel, including directors and senior management, must pass the FCA’s fit and proper test, demonstrating adequate experience, integrity, and competence.
Compliance Framework
Establish a robust compliance framework that includes anti-money laundering (AML) policies, data protection measures, and regular audits.
Business Plan
Submit a detailed business plan outlining the nature of services offered, target market, risk management strategies, and financial projections.
Physical Presence
Maintain a physical office in the UK with qualified staff to manage operations effectively.
Reporting Obligations
Adhere to ongoing reporting obligations, including submitting financial statements and compliance reports to the FCA.
Insurance Coverage
Obtain professional indemnity insurance to protect against potential claims arising from business activities.
Regulatory Fees
Pay all necessary licensing fees upon application and annually thereafter.

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