FCA first regulatory body to license copy trading

We’ve expected this for many years but reports from last week suggest that the UK’s FCA will be the first regulatory body to seek registration of those providing copy trading services as investment managers.

The whole ‘social trading’ space has been growing exceedingly quickly over the last few years and the regulators have obviously been receiving complaints, hence the move to regulation. It will be only a matter of time before the other jurisdictions follow suit.