The Australian Securities & Investments Commission (ASIC) has set up new disclosure benchmarks for margin FX contracts and contracts for difference (CFDs). The guidance will increase disclosure and investor awareness regarding risks of such products. Financial institutions are required to comply with strict guidelines to ensure that potential investors are introduced to the risks and benefits of improved investor awareness, adds Sydney Morning Herald. The securities watchdog has recommended that a limit should be put on the amount of funds accepted from personal credit cards.
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