Australian Securities and Investments Commission - 12-298MR ASIC calls for improved compliance in CFD and margin FX client money handling practices

Monday 3 December 2012. Report 316 Review of client money handling practices in the CFD and margin FX sector (), follows a risk-based surveillance of 40 issuers of OTC CFDs and margin FX contracts. `ASIC has taken a facilitative approach to rectifying these breaches and strengthening issuers' client money handling and reconciliation practices to better protect client money.

Source: http://media.australia.gov.au/notify/click.cgi?url=http%3A%2F%2Fwww.asic.gov.au%2Fasic%2Fasic.nsf%2Fbyheadline%2F12%26%2345%3B298MR%2BASIC%2Bcalls%2Bfor%2Bimproved%2Bcompliance%2Bin%2BCFD%2Band%2Bmargin%2BFX%2Bclient%2Bmoney%2Bhandling%2Bpractices%3FopenDocument&collection=releases&rank=27&auth=2wL4hmUdpywfh7j9Ord3BA

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