The Financial Conduct Authority (“FCA”) published a consultation paper (“CP 25/19”) on the ancillary activities exemption (the “AAE”) on 3 July 2025. The AAE enables commercial users and producers of commodities to undertake...more
The UK Financial Conduct Authority (FCA) announced on July 9 that, while changes to the scope of the UK commodity position limits regime are being consulted on, it will not take enforcement action against firms that breach...more