While counsel welcome the UK FSA's call for more disclosure of
contracts for difference (CFD), some suggest that a
voluntary regime may not be tough enough.
"My initial concern is a situation where someone builds up a
substantial CFD position in a company and enters into
discussions with the management of that company," said a
partner at a magic circle law firm.
"The CFD holder may say that it would see a request for
details on its position as hostile. This may put