Australia parliament passes legislation to create Financial Complaints Authority (AFCA) LeapRate

February 14, 2018 BY LeapRate Staff

Australia parliament passes legislation to create Financial Complaints Authority (AFCA)

Australia's financial regulator ASIC has stated that it welcomes the passage through Parliament of the Bill to establish the new Australian Financial Complaints Authority (AFCA). The AFCA will start accepting complaints no later than November 1, 2018. AFCA is the culmination of more than 20 months of public consultation and inquiry, commencing with the review…

February 14, 2018 BY LeapRate Staff

IOSCO wants all securities regulators to enforce CFD leverage limitations, negative balance protection

The International Organization of Securities Commissions (IOSCO) has published a Report on Retail OTC Leveraged Products, providing its own guidance to the world's financial and securities regulators on the future of leveraged trading. IOSCO members include virtually all of the key major (and minor) global regulators including the FCA in the UK, the SEC in the…

February 07, 2018 BY LeapRate Staff

IG's #ReplytoESMA survey shows 98% of respondents disagree with CFD leverage proposals

UK online trading leader IG Group Holdings plc (LON:IGG) revealed results of its #ReplytoESMA website survey, indicating a very strong anti-ESMA stance among the more than 14,000 replies. As we reported earlier this week, ESMA has come under a lot of pressure to alter its plans to enforce a maximum leverage cap of 30x for…

February 05, 2018 BY LeapRate Staff

ESMA received 'unprecedented volume' of thousands of responses to CFD rule proposals

Will ESMA change its mind? While all formal indications to date indicate that ESMA plans to carry through with its new rules governing online trading - including a 30x leverage cap on CFDs - insiders within ESMA have admitted that the pan-European regulator has seen a virtual deluge of responses to its proposals, numbering in…

January 30, 2018 BY LeapRate Staff

ActivTrades calls for 50x CFD leverage cap instead of ESMA's 30x proposal

FCA regulated FX and CFDs broker ActivTrades has issued its comments on pan European regulator ESMA's proposal to limit CFD trading leverage to 30x. ESMA's proposals are now in the public consultation phase, with repsonses due by next week, February 5. Similar to the reaction and analysis of (most) other leading regulated brokers, ActivTrades believes…

January 18, 2018 BY LeapRate Staff

ESMA moves forward with CFD trading rules, considers Crypto 5x leverage limit

Exactly a month after dropping its bombshell proposal of a hard 30x cap on CFD leverage, European pan financial regulatory body ESMA has taken the next step in enacting its proposals by formally opening a 'call for evidence' from the public and affected parties to give formal feedback on its proposals. The consultation period will…

December 21, 2017 BY LeapRate Staff

Let your voice be heard on ESMA's 30x Forex leverage plan!

Pan-European financial regulator ESMA's plans to severely restrict the online trading business in Europe, if implemented, will have far-reaching effects for traders and brokers alike. ESMA's proposals include: 30x leverage cap on Forex and CFD trading ban on 'bonus' payments to retail traders ban on Binary Options trading required negative balance protection for retail clients…

FCA publishes its Quarterly KPIs, no clear trends indicative of firm responses to Brexit

December 20, 2017 BY LeapRate Staff

FCA expects EU-MiFID license passporting to continue post-Brexit

It looks like London's Retail FX brokers and financial institutions can breathe easy. At least for now. UK financial regulator the FCA issued a statement this afternoon, indicating that it expects the UK will remain within the MiFID license passporting system after Brexit is implemented, allowing financial services companies (such as FX brokers) to receive…

December 18, 2017 BY LeapRate Staff

GAIN Capital warns of 'unintended consequences' from ESMA's proposed 30x CFD leverage cap

New York based FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP), which operates the UK-centric City Index as well as the global FOREX.com brands, has issued a statement in response to European regulator ESMA's plans to limit leverage on FX and CFD trading to 30x. Similar to the reaction of its London-based competitor IG Group…

December 18, 2017 BY LeapRate Staff

UK online broker shares hammered by ESMA leverage proposals: IG -11%, Plus500 -13%; CMC -10%

Shares of the leading FCA regulated UK online brokers traded down sharply on Monday morning, following proposals made late Friday by pan-European financial regulator ESMA to enact fairly severe restrictions on leveraged FX and CFD trading. While ESMA made a number of proposals which it will put to public consultation in January - a Binary…

Category: Regulations

Australia parliament passes legislation to create Financial Complaints Authority (AFCA)

IOSCO wants all securities regulators to enforce CFD leverage limitations, negative balance protection

IG's #ReplytoESMA survey shows 98% of respondents disagree with CFD leverage proposals

ESMA received 'unprecedented volume' of thousands of responses to CFD rule proposals

ActivTrades calls for 50x CFD leverage cap instead of ESMA's 30x proposal

ESMA moves forward with CFD trading rules, considers Crypto 5x leverage limit

Let your voice be heard on ESMA's 30x Forex leverage plan!

FCA expects EU-MiFID license passporting to continue post-Brexit

GAIN Capital warns of 'unintended consequences' from ESMA's proposed 30x CFD leverage cap

UK online broker shares hammered by ESMA leverage proposals: IG -11%, Plus500 -13%; CMC -10%

Acuity Trading Partners with interop.io to Enhance Operational Efficiency

Nasdaq and Nuam Extend Strategic Tech Partnership

Robinhood Announces Prediction Markets Hub for Event-Based Trading

iM Global Partner Launches European Managed Futures UCITS ETF

ASIC Applies For Appointment of Liquidators to Falcon Capital Limited, First Guardian Master Fund