Exclusive: Industry Reacts to Proposed Client Money Laws in Australia

Share on facebook
Share on twitter
Share on linkedin

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.

Read More on Finance Magnates or in PDF on our Media Page.

About The Author

Sophie Gerber

Sophie is the director of both Sophie Grace Legal Pty Ltd and Sophie Grace Pty Ltd. Sophie has worked with some of Australia’s largest financial services organisations in compliance, legal and operational roles. She has also worked with small businesses to provide tailored solutions with a strong understanding of business practicalities as well as obligations to regulators.

Obligation Free Consultation

We will call you back ASAP!

Recent Updates