New Broker Hub or a Corrupt Dead End? Malaysia Launches New CFD Rules

[kreslik.news]

This March, Finance Magnatesreported on the European Securities Markets Authority’s (ESMA) new rules governing contracts-for-differences (CFDs). With caps on leverage and mandated marketing rules, firms look set to struggle through the period with many brokers shutting up shop or moving off-shore.

Halfway around the world in Malaysia, authorities were also moving to regulate the CFD industry. Less than two weeks after ESMA announced its new rules, the Securities Commission Malaysia (SCM) released a fresh set of guidelines on CFDs to be implemented on Sunday (July 1st 2018).

These new rules are certainly not ... (read more)