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Screenshot of a breaking news alert e-mail from Q2 2017
LeapRate Exclusive… After we exclusively reported back in February that leading Australia based retail forex and CFDs broker Pepperstone suspended all activity in its FCA-regulated UK subsidiary Pepperstone Limited, LeapRate has learned that the company has finalized its management and operational changes and is now once again open for business.
We expect the company to make a formal announcement shortly.
When the company had decided to make certain changes to its UK personnel, operations, management structure and processes, to comply with its FCA obligations Pepperstone had to temporarily suspend trading for clients in the UK until all of the changes were completed and the additional resources put in place.
Since then, as we also exclusively reported at LeapRate, Pepperstone brought on board Iain Rogers, former Admiral Markets Managing Director, to head its UK operation and Zack Ioannou from GCM Prime as Head of UK Compliance.
Pepperstone UK Managing Director Iain Rogers said to LeapRate,
For the last 6 months, we have re-organised our Corporate Governance and Regulatory processes and procedures in London to not only meet the high standards of FCA regulation but also to ensure the company is future proofed for our own growth and any further regulatory change whether that be by the FCA, ESMA or the outcome of Brexit.
I have been extremely impressed with Pepperstone’s focus on our customer’s needs and experiences, whether it be the technology solutions we provide, our industry leading customer support function, competitive trading terms or our future strategic goals. It is clear customers are truly at the heart of our company.
Phil Horner, CEO (APAC) of Pepperstone added:
We’re really thrilled to be working with such a strong team in the UK and are excited to resume providing value and better outcomes for customers in the UK and throughout Europe. The changes that we’ve made will set us up incredibly well for a large scale expansion into the wider European region. The success of Pepperstone has always been in the strength of our people and this will not change as we continue on our mission to become the world leader in online FX trading.