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CMC welcomes conclusion of BaFin consultation

09 May 2017 08:02

CMC Markets has welcomed the outcome of the BaFin regulatory consultation into the retail CFD industry in Germany which required the implementation of negative balance protection, where clients could not lose more than their account balance, by 10 August 2017.

CMC said that as previously announced on 9 December, it already offered negative balance protection through its proprietary Next Generation platform, and therefore would comply with the BaFin proposals in full by the required deadline. It said there were no further changes for clients that had been proposed by BaFin, including no regulator-imposed limitations on margins.

A statement said: "CMC is pleased that the BaFin has maintained the scope of the consultation and the speed at which any regulatory uncertainty in Germany has come to a close." At 8:02am: (LON:CMCX) CMC Markets Plc share price was +0.25p at 124.5p

Story provided by StockMarketWire.com

Related Company: CMCX

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