CP 322 Product intervention: OTC binary options and CFDs
Released 22 August 2019. Comments closed 1 October 2019.
This paper sets out ASIC’s proposals to exercise its product intervention power in Pt 7.9A of the Corporations Act to make certain market-wide product intervention orders relating to the issue and distribution of over-the-counter (OTC) binary options and contracts for difference (CFDs) to retail clients.
We are seeking the views of consumers, product issuers and other interested stakeholders on our proposed orders.
- CP 322 (PDF 1.2MB)
- Attachment 1: Draft instrument - binary options (PDF 87KB)
- Attachment 2: Draft instrument - CFDs (PDF 181KB)
ASIC received 410 submissions to CP 322. 41 of these submissions were from entities and the remaining 369 were from individuals. Below are the non-confidential submissions from entities. We will progressively publish the non-confidential submissions from individuals.
- ASX (PDF 812KB)
- Australian CFD and FX Association Part 1 (PDF 894KB) | Part 2 (PDF 15MB)
- Australian Financial Complaints Authority (PDF 5MB)
- Australian Financial Markets Association (PDF 296KB)
- Bell Potter (PDF 575KB)
- CMC Markets Asia Pacific (PDF 5.8MB)
- Consumer Action Law Centre, CHOICE and Financial Rights Legal Centre (PDF 211KB)
- Eightcap (PDF 2.2MB)
- Fairmarkets Trading (PDF 4.2MB)
- FINSA (PDF 196KB)
- First Prudential Markets (PDF 4.2MB)
- FXCM Australia Part 1 (PDF 95KB) | Part 2 (PDF 588KB)
- Interactive Brokers (PDF 186KB)
- OANDA Australia (PDF 701KB)
- Pepperstone (PDF 647KB)
- Rakuten Securities Australia (PDF 583KB)
- Saxo Capital Markets (PDF 520KB)
- Spotware (PDF 231KB)
- Vantage Global Prime, Aetos Capital and 3 anonymous licensees (PDF 311KB)