Vanuatu’s Financial Dealers Licensing Act No. 5 of 2024: Key Changes and What It Means for Your Business On December 4, 2024, the Vanuatu Financial Services Commission (VFSC) officially gazetted the Financial Dealers Licensing (FDL) Amendment Act No. 5 of 2024. This amendment introduces significant regulatory updates affecting all FDL license holders, registered agents, and […]
Spanish Regulator Strengthens Measures on CFDs The Spanish Securities Market Commission (CNMV) is set to introduce additional measures aimed at tightening the marketing, distribution, and sales of contracts for difference (CFDs) instruments. These new restrictions, consisting of two parts, are scheduled to take effect on July 20, 2023. The European Securities and Markets Authority (EMSA)
Spanish Regulator Implements Stricter Measures on CFDs Marketing and Sales Read More »
The Australian Securities & Investments Commission (ASIC) released its annual licensing report on Friday, revealing that it has approved 578 new licenses between July 2021 and June 2022, which is an increase of 26 percent from the prior year. The regulator received a total of 1,469 applications for the Australian Financial Services (AFS) license and
ASIC Approves 578 New Licenses in Fiscal 2022 Read More »
The Australian Securities and Investments Commission (ASIC) confirmed the remade class order, defining the financial requirements of retail over-the-counter (OTC) derivatives issuers, on Friday. The order for extending the requirements for five more years came as its previous order was set to expire on 1 October. Additionally, the regulator issued a public consultation paper before issuing
ASIC Extends Retail Derivatives Issuers’ Financial Requirements for 5 Years Read More »
The Australian Securities and Investments Commission (ASIC) published a report on Wednesday, detailing its licensing activities in the last financial year, between July 2020 to June 2021. The regulator has issued 339 new Australian Financial Services (AFS) licenses and 119 new credit licenses in the period. The last fiscal year was a bit different for
ASIC Grants 339 New AFS Licenses in FY2020-21 Read More »
The Australian Securities and Investments Commission (ASIC) published on Thursday its four-year corporate plan for 2021 to 2025, outlining its priorities on the distribution of retail over-the-counter derivatives, especially on the contracts for difference (CFDs) and binary options. The regulator pointed out three key actions on its intervention in the retail OTC derivatives industry. First,
ASIC Prioritizes Monitoring of CFDs and Binary Options Compliances Read More »
Regulated foreign firms can now operate in the country until March 31, 2023, without a local license. The Australian Securities and Investments Commission (ASIC) announced on Friday the extension of temporary relief for all foreign financial service providers (FFSPs) that will allow them to operate in the country without an Australian Financial Services (AFS) license.
ASIC Extends Licensing Relief to Foreign Financial Service Providers Read More »
The Australian regulator mentioned that the ban will take effect from 3 May 2021. The Australian Securities and Investments Commission (ASIC), announced today that it has decided to ban the sale of binary options to retail traders in Australia. During ASIC’s reviews in 2017 and 2019, the regulatory authority found that around 80% of retail
ASIC Bans Binary Options for Australian Retail Clients Read More »
The new leverage levels will become effective on March 29, 2021. The Australian Securities and Investments Commission (ASIC) is going to implement restrictions on the retail contract for difference (CFDs) market. Their impact on the trading market can be huge as the leverage levels will be restricted up to 30:1 from the usual existing offerings
Aussie Brokers Welcome ASIC Restrictions Despite Expected Volume Dip Read More »
Dealing with sophisticated clients is permitted without an AFS license. Increasingly CFD and FX dealers are looking to provide financial services in highly-regulated jurisdictions. Many of these dealers are unaware that Australia offers a little-known exemption to the financial services licensing requirements. Under the Corporations Regulations 2001 (Reg 7.6.02AG), foreign CFD and FX brokers do
AFS License Not Required by Foreign Brokers to Deal with Professional Clients Read More »
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