IG Group Holdings plc Update on conclusion of BaFin consultation (5960E)
May 09 2017 - 4:53AM
UK Regulatory
TIDMIGG
RNS Number : 5960E
IG Group Holdings plc
09 May 2017
9 May 2017
IG GROUP HOLDINGS PLC
Update on conclusion of BaFin consultation on retail CFDs
IG Group ("IG", "the Company"), a global leader in online
trading, welcomes the final proposals by BaFin, the German
regulator, regarding the marketing, distribution and sale of CFDs
to retail clients.
The final proposals are in line with the original proposals and
mandate the provision of a no negative guarantee. Per the Company's
announcement of 8 December 2016, IG already actively markets its
Limited Risk Account in Germany which is not only compliant with
these new rules, but provides additional 'by position' protection
to German consumers.
IG firmly believes in robust and proportionate regulatory
oversight of the CFD sector and believes this move should both
provide additional protection for consumers and enhance its
competitive position in the country.
For further information, please contact:
IG Group
Kieran McKinney
Head of Investor Relations and Corporate Affairs 020 7573 0026 investors@iggroup.com
FTI Consulting
Neil Doyle / Ed Berry 020 3727 1141 / 1046
IG is a global leader in online trading, providing fast and
flexible access to over 10,000 financial markets - including
shares, indices, forex and commodities.
Established in 1974 as the world's first financial spread
betting firm, IG's aim is to become the default choice for active
traders globally. It is an award-winning multi-platform trading
company, the world's No.1 provider of CFDs* and a global leader in
forex, and it now offers an execution-only stockbroking service in
the UK, Australia, Ireland, France, Germany, Austria and the
Netherlands. The Company also recently launched a low-cost
discretionary managed Investment portfolio service in the UK.
It is a member of the FTSE 250, with offices across Europe,
Africa, Asia-Pacific, the Middle East and the US, where it offers
limited risk derivatives contracts via the Nadex brand.
* based on revenue excluding FX (from published financial
statements), October 2016
This information is provided by RNS
The company news service from the London Stock Exchange
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