Australia’s ASIC proposed on October 12 to extend its CFD rules to digitally settled derivatives, closing a regulatory gap that allowed economically similar products to face different restrictions. Retail CFD clients lost a combined A$458 million during the 2023-24 financial year, including A$73 million in fees, with 68% of investors losing money. The proposed changes include leverage restrictions, updated margin requirements for brokers and negative balance protections, while industry feedback is due by November 9. ASIC also seeks to extend its investor protections for another decade until 2037.
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