FinanceMagnates
In ASIC’s most recent Market Integrity Update issued in July 2024, it expressed concerns that some derivative issuers of contracts for difference (CFDs) may be offering ‘margin discounts’ to retail clients with opposing long and short contracts in contravention of ASIC Corporations (Product Intervention Order – Contract for Difference) Instrument 2020/986 (“CFD PIO”).ASIC warns CFD issuers that these ‘margin discounts’ must cease immediately.What Does the CFD PIO Say?The CFD PIO came into force in October 2020 and is applicable to CFD issuers that provide CFDs to retail clients…
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ASIC Prohibits CFDs ‘Margin Discounts’: How Shall Brokers Prepare?
Melody Gao
14:29
In ASIC’s most recent Market Integrity Update issued in July 2024, it expressed concerns that some derivative issuers of contracts for difference (CFDs) may be offering ‘margin discounts’ to retail clients with opposing long and short contracts in contravention of ASIC Corporations (Product Intervention Order – Contract for Difference) Instrument 2020/986 (“CFD PIO”).ASIC warns CFD
