Binary Options and CFDs Firms Must Now Apply for New Zealand License

[kreslik.news]

International brokers looking to establish a presence in the Asia-Pacific region are now facing yet another hurdle from regulators. New Zealand’s Financial Markets Authority (FMA) has announced that businesses selling short-duration derivatives, such as binary options and contracts-for-difference (CFD), will need to be licensed in the country.

The regulator says that it has been reviewing these products due to potential risks to traders and held discussions with the sector in the process of coming to its decision.

Liam Mason, FMA Director of Regulation, said: “We have been monitoring developments in the market since the introduction of licensing for derivatives issuers. We have also ... (read more)