Search Results | Showing 1 - 10 of 11 results for "Product intervention order" |
| | | ... with providers to ensure they are fully licensed, in line with INFO Sheet 225. ASIC has also imposed a product intervention order (PIO) with several contracts for difference (CFD) issuers and since commencement more than $40 million have been refunded ... |
| | | | ... weaknesses in how CFD issuers complied with their design and distribution obligations (DDO), ASIC's CFD product intervention order (PIO) and regulatory reporting requirements. ASIC found more than half the CFD sector had contravened the PIO by offering ... |
| | | | ASIC has prolonged its product intervention orders for short-term and continuing credit contracts in a bid to protect vulnerable retail investors. The orders, which were first implemented in July 2022, will now be extended until 1 October 2032, or until ... |
| | | | ... 2020, following the boom in retail investors at the outset of the pandemic, ASIC imposed an 18-month product intervention order on the issue and distribution of CFDs, effective 29 March 2021. This was extended in April 2022 to May 2027. ASIC reported ... |
| | | | ... March and April 2020, more than $774 million was lost trading CFDs, ASIC found. The regulator imposed a product intervention order on the issue and distribution of CFDs in March 2021. In the first three months of the order, ASIC reported average net ... |
| | | | ... March and April 2020, more than $774 million was lost trading CFDs, ASIC found. The regulator imposed a product intervention order on the issue and distribution of CFDs in March 2021. In the first three months of the order, ASIC reported average net ... |
| | | | ASIC has extended its product intervention order banning the issue and distribution of binary options to retail clients until 1 October 2031. Since coming into effect in May 2021, the ban has successfully prevented retail clients from losing money trading ... |
| | | | ... intervention powers on contracts for difference (CFDs) until they are revoked or sunset in 2031. The product intervention order will expire on 23 May 2022 unless it is extended with the approval of the government. ASIC made the intervention order in ... |
| | | | ... investment or risk management use by retail clients," ASIC commissioner Cathie Armour said. "ASIC's product intervention order will protect retail investors from these harmful products at a time of heightened vulnerability." A binary option is a cash-settled ... |
| | | | ... of dollars from trading highly risky contract for difference (CFDs) instruments. ASIC has imposed a product intervention order on the issue and distribution of CFDs effective 29 March 2021 for 18 months. Among the many changes, leverage will be restricted ... |
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