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Date/Time: Wed, 24 Apr 2024 04:27:52 +0000

[User Discussion] - Australia proposes drastic changes to trading CFDs incl Reduce Leverage down to 20:1 Aug19

[2019-08-24 23:25:30] #1 [Go To First Post]
Rainer - Posts: 108
... this is a general awareness alert post/message. ASIC (Australian Securities and Investment Commission) released drastic changes to trading CFDs, including drastic margin leverage changes. extract from CP322 (Condition 1of8): Table 5: Conditions on the issue and distribution of CFDs to retail clients 1. Leverage ratio limits Minimum initial margin requirements on CFDs issued to retail clients are applied such that leverage ratios offered to retail clients do not exceed the following limits at the time of issue: - 20:1 for CFDs over currency pairs or gold; - 15:1 for CFDs over stock market indices; - 10:1 for CFDs over commodities (excluding gold); - 2:1 for CFDs over crypto-assets; and - 5:1 for CFDs over shares or other underlying assets. ASIC Consultation Paper [CP322] – 22 August 2019 – open for public submissions https://download.asic.gov.au/media/5241542/cp322-published-22-august-2019.pdf ASIC Product Intervention (proposed) Order to CP322 – CFDs https://download.asic.gov.au/media/5241536/attachment-2-to-cp322-published-22-august-2019.pdf ASIC links: https://asic.gov.au/regulatory-resources/find-a-document/consultation-papers/cp-322-product-intervention-otc-binary-options-and-cfds/ Source: https://www.youtube.com/watch?v=5DfGB8BqPqw

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