Cash, Set-Off or Crypto: ASIC Says a CFD Is a CFD; Drafts a 10-Year CFD Rulebook
By Arnab Shome
Source excerpt · Finance Magnates
The Australian Securities and Investments Commission (ASIC) has published a draft instrument to extend its product intervention order (PIO) on contracts for difference (CFDs) by 10 years. The draft would also cover CFDs settled through digital assets, set margin rules for CFDs over options, and bar the netting of opposing positions when calculating initial margin. The current order is due to expir…