The official consultation period on new client money laws was started by ASIC earlier this week.
It’s been a year of heavy lifting for the retail foreign exchange and CFDs trading industry. The introduction of additional regulations and the reshuffling of regulatory measures and compliance requirements has put a dent on activity across the globe.
The latest news about changes to the major regulatory jurisdictions for the forex and CFDs trading industry have come out of Australia earlier this week. The Australian Securities and Investments Commission (ASIC) has published a new consultation paper on Wednesday, aimed at enacting new client money laws for Australian Financial Services licensees.