The regulator seeks feedback on amendments covering digital asset-settled contracts for difference (CFDs), margin rules and updated conditions for retail protections.
The Australian Securities and Investments Commission (ASIC) has proposed extending its product intervention order (PIO) governing CFDs for a further 10 years and updating the framework to preserve existing consumer protections while modernising how CFDs are defined and supervised. Under the proposed amendments, the definition of CFDs would be broadened CFDs are complex, leveraged over-the-counter products that can expose retail investors to significant losses, with small price movement