The Australian Securities and Investments Commission (ASIC) has published its new four-year corporate plan for 2021 to 2025.
The regulator outlined the distribution of retail over-the-counter (OTC) derivatives and specifically contracts for difference (CFDs) and binary options as a “strategic priority” level 2.
In its corporate plan, ASIC, highlighted three key actions it will take regarding OTC derivatives. First action is the monitoring of the compliance with the CFDs e and binary options product intervention order.
Earlier this year, ASIC imposed restriction on CFD trading. In March, the regulator lowered the maximum leverage limit from 500:1 to 30:1.
Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.