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ASIC to monitor compliance with CFD offering restrictions
The Australian Securities and Investments Commission (ASIC) today published its Corporate Plan 2021-25, outlining its priorities over the next four years. The product intervention orders for CFDs and binary options which took effect earlier in 2021 are among the foci for the regulator. ASIC affirms that it will: Monitor compliance with the contracts for difference and binary options product intervention orders; Assess the effectiveness of the orders in reducing harm, areas of possible avoidance, and whether the orders should be extended; Take regulatory action, including enforcement action where warranted, to address ... (full story)