FSA's CFD proposal will hamper growth, says Isda

The International Swaps and Derivatives Association has complained that proposed UK rules regarding disclosure requirements for contracts for difference (CFD) will hamper the growth of the market.

The UK Financial Services Authority (FSA), in a consultation paper issued in March this year, hinted that it could require investors to disclose their economic interests in companies attained through CFDs on the company's stock.

Holding a CFD does not give the holder voting rights, but the UK regulat