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Why does Jiasheng want to increase CIMA’s supervision?

What is the difference between CIMA and FCA?

Why does Jiasheng want to increase CIMA’s supervision?

The full name of CIMA is the British Cayman Islands Monetary Authority, and the full name of FCA is the British Financial Conduct Authority. They are both very authoritative financial regulatory agencies in the world. There is no substantial difference. On the contrary, the two are very important in fund deposit, fund clearing and reconciliation.

There are many similar strict regulatory systems in accounting and other aspects.

The reason why Jiasheng wants to increase the supervision of the British Cayman Islands Monetary Authority is to adapt to future changes in the foreign exchange market, because I saw the news some time ago that FCA announced that it would reduce leverage to 1:50 times, and there is also the EU Financial Instruments Market Regulation II.

(MIFID II) will be implemented in January 2018. These changes will affect both customers and traders. That’s why GAIN Capital has added CIMA supervision, but it has not canceled FCA supervision. GAIN Capital’s old customers are still

There is an option to be regulated by the FCA.