CFD broker Plus500 Ltd (LON:PLUS) has announced that the Financial Markets Authority, the New Zealand government agency responsible for financial regulation, has granted Plus500AU Pty Ltd., Plus500’s Australian operating subsidiary, a derivatives issuer licence, which enables Plus500AU Pty Ltd. to operate an online trading platform for retail customers to trade CFDs in New Zealand.
The Board believes that the award of the licence reflects the Group’s robust trading platform and its continued focus on best practice regulatory compliance. The licence is effective immediately and is renewable every five years.
Asaf Elimelech, Chief Executive of Plus500 said:
We are delighted to be awarded a licence in New Zealand following on from the issue of the licence in Israel announced last week. The New Zealand licence complements our existing Australian licence where we have successfully operated for a number of years.”