Edition:
India

IG FY Revenue Guidance Unchanged After Proposed Australia Rule Changes


Thursday, 22 Aug 2019 

Aug 22 (Reuters) - IG Group Holdings PLC ::ASIC CONSULTATION ON CFDS AND BINARY OPTIONS.HAS PREVIOUSLY SET OUT THAT IT EXPECTED THAT PRODUCT INTERVENTION MEASURES WOULD BE INTRODUCED IN AUSTRALIA.GROUP'S GUIDANCE THAT IT EXPECTS TO RETURN TO REVENUE GROWTH IN FY20 ALSO REMAINS UNCHANGED.PACKAGE OF MEASURES BEING PROPOSED BY ASIC ARE SIMILAR TO THOSE THAT HAVE BEEN INTRODUCED BY ESMA IN EU AND WILL APPLY ONLY TO RETAIL CLIENTS.ASIC ARE CONSULTING ON A BAN ON PROVISION OF BINARY OPTIONS TO RETAIL CLIENTS.EXPECTS FINAL PRODUCT INTERVENTION MEASURES WILL BE IMPLEMENTED BY ASIC EARLY IN SECOND HALF OF GROUP'S CURRENT FINANCIAL YEAR, FY20.