FMA proposes limiting leverage on CFDs
Regulator opens consultation on restricting derivative leverage for retail investors, matching moves in Australia in 2020.
Leverage on major currency pairs would be limited to 30:1 under FMA proposals.
Three years after Australia’s regulator moved to restrict leverage for derivatives offered to retail investors, New Zealand’s Financial Markets Authority is consulting on a similar move.
In a statement, the FMA said there was currently no limit to the amount of leverage a derivatives issuer,
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