All posts tagged "product intervention order"
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281Australia & NZASIC Bans Excessive Fees Charged to Small Credit Customers
ASIC's orders prohibit the provision of short term credit and continuing credit contracts which involve unreasonably high fees charged to retail clients.
July 15, 2022 -
269Australia & NZ
ASIC Proposes to Extend Retail Ban on Binary Options
ASIC's product intervention order is due to expire on 7 October 2022. ASIC proposes to extend it until 1 October 2031.
May 29, 2022 -
374Australia & NZASIC Extends Product Intervention Order Targeting CFDs
Since the product intervention order took effect in March 2021, ASIC has observed few losses, margin close-outs, and negative balance occurrences affecting retail client.
April 12, 2022 -
306Australia & NZ
ASIC Seeks Extension of CFD Product Intervention Order to 2031
ASIC says there were 45 percent fewer loss-making retail client accounts and losses were smaller as a result of its October 2020 product intervention order.
October 19, 2021 -
456Australia & NZASIC Bans Sale of Binary Options to Retail Clients
The binary options ban will take effect from 3 May. A separate order imposing conditions on the issue and distribution of CFDs to retail clients has taken effect on 29 March.
April 5, 2021 -
1.1KAustralia & NZ
ASIC Intervenes to Restrict CFD Leverage, Curb Retail Losses
In a new product intervention order targetting contracts for difference, ASIC has imposed leverage limits and standardised margin close-out arrangements.
October 26, 2020
