FMA casts regulatory net out to short-term derivatives

Sun, 02 Apr 2017

By Paul McBeth April 3 (BusinessDesk) - The Financial Markets Authority wants to license all short-term derivatives firms before the year is out, with the sector accounting for about 40 percent of complaints to the regulator over the past 18 months. The market watchdog wants all unlicensed sellers of short-duration derivatives, such as binary options and contracts-for-difference, to apply for a licence by Aug. 1 and be fully compliant from December after a review raised concerns about the risk posed to investors by the products. The FMA...

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