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FSA considering derivatives for retail market

The FSA is proposing to allow retail investors to invest directly in securitised derivatives for the first time. IFAs selling the products would have to be authorised to advise on derivatives and any provider that wants to issue them will similarly have to be regulated.

Derivatives let investors have exposure to a range of underlying products such as shares, indices, commodities and interest rates without investing directly in the underlying product.

The FSA says it expects there to be a substantial market for these products if UK investors show a similar appetite for them as they have for other products such as spread betting and options.

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