Financial Regulator to cover spread betting – The Irish Times says the Financial Regulator will take responsibility for regulating spread betting next year under the terms of a new EU directive.
The Market in Financial Investments Directive will hand the responsibility for supervising spread betting to the domestic regulators in EU member states when it becomes law in November 2007.
Responsibility for spread betting firms such as Delta Index, Sports Spread and Worldspreads, will pass to the Financial Regulator at that time.
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