Binary options could be banned in Australia under proposals unveiled by the nation’s corporate regulator. ASIC is also looking to impose stricter conditions on the issue and distribution of CFDs after expressing concerns about the amount consumers are losing.
The UK’s Financial Conduct Authority (FCA) is to introduce a permanent ban on the sale, marketing or distribution of binary options to retail consumers, with the new rules coming into effect from April 2.
Playtech has reported a 54% year-on-year increase in revenue for 2018, though growth for the year was largely down to the acquisition of Italian operator Snaitech, with the solutions giant’s B2B division struggling.
Plus500 has reached a settlement agreement with the Belgium Financial Services and Markets Authority (FSMA) in relation to the public offering of investment instruments, including CFDs, in the country.
IG Group has responded to the introduction of new advertising regulations by the French Autorité des marchés financiers (AMF) regulatory body, saying it does not believe such measures will have a negative impact on business.
Financial trading companies lost almost £2 billion (€2.3 billion/$2.5 billion) yesterday (Tuesday) after the Financial Conduct Authority (FCA) proposed rule changes for firms selling contract for difference (CFD) products to retail customers.
The UK’s Financial Conduct Authority (FCA) has today (Tuesday) proposed a new set of rules for firms selling contract for difference (CFD) products to retail customers in an effort to improve standards across the sector.