ASIC raises bar on OTC derivativesBY MELANIE TIMBRELL | WEDNESDAY, 1 AUG 2012 12:10PMIssuers of OTC derivatives, including CFDs and margin foreign exchange derivatives, will have to meet new financial requirements just released by ASIC. |
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David Woodall
CHIEF EXECUTIVE OFFICER, SUPERANNUATION
INSIGNIA FINANCIAL LTD
INSIGNIA FINANCIAL LTD
Facing his greatest test yet in metamorphosing MLC Super, Dave Woodall is adamant the juice will be worth the squeeze. Jamie Williamson writes.
The current issues with these changes are that they seem to capture foreign exchange companies that offer physical delivery products (such as FX options), as well as other non-margin FX/CFD issuers.