ASIC seeks to extend and amend CFD consumer protections
ASIC is seeking feedback on its proposal to extend and amend the consumer protection measures governing contracts for difference (CFDs).
CFD regulation
ESMA warns perpetual futures likely to fall within scope of CFD intervention measures
These financial instruments are likely to fall within the scope of the existing national product intervention measures on CFDs adopted by national competent authorities.
XTB to continue Spain CFDs business, but restrict marketing
Spain accounted for more than 11% of XTB’s Revenues in 2023, one of its most important geos after its own home market in Poland.
CySEC reminds investment firms about new CFD rules in Spain
CySEC urges all CIFs that are marketing and selling CFDs and other leveraged products to retail investors in Spain to take all appropriate actions.
ASIC “takes aim” at CFD brokers with new design and distribution obligations
ASIC’s review examined the DDO practices of a sample of issuers and found that most retail clients lose money trading CFDs.
Spanish CFD Barbie-Clients and Fundamental EU Rights
Spain’s CFD regulation measures go beyond any previous measures imposed by ESMA or other EU national regulators.
ASIC issues DDO stop order against Mitrade Global
ASIC has issued an interim stop order preventing Mitrade Global from dealing in CFDs or margin FX to retail investors.
South Korea CFD brokers halt new accounts amid regulatory clampdown
CFD trading is very active in South Korea, with the country’s CFD brokers holding an estimated $2.6 billion in client assets.
ASIC extends CFD trading restrictions for five years as Retail losses reduced 91%
ASIC observed a 91% reduction in aggregate net losses by retail client accounts after the CFD trading rules were put in place.
France’s AMF imposes EUR 300,000 fine on XTB
AMF fines X-Trade Brokers Dom Maklerski for breaches of its professional obligations due to the activities of its French branch.
