Personal trading accounts

[Output Flange]

What tend to be the rules around personal trading accounts for contractors not engaged directly by a financial institution? How do they differ from permanent staff?

[sideways sid]

I am sure this is covered under FCA rules and the compliance policy of the organisation, and especially if you will be doing restricted activity and registered with the FCA under the organisation's name.

Having said that, common sense probably rules. If you're on a 3-month contract at a retail bank, and you buy a few unrelated shares for your SIPP during your contract, there will be no cause for concern. If you're contracted to the Compliance team of an Investment Bank, and you're buying a notifiable interest in a company that the bank is advising the day before major corporate action, you'll be out of the door and unable to get work anywhere else. Risk and Reward I guess!