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IG welcomes conclusion of BaFin consultation

09 May 2017 09:56

IG Group has welcomed the final proposals by BaFin, the German regulator, regarding the marketing, distribution and sale of CFDs to retail clients.

The group said the final proposals were in line with the original proposals and mandate the provision of a no negative guarantee.

IG said that as announced on 8 December, it already actively marketed its limited risk account in Germany which iswas not only compliant with these new rules, but provided additional 'by position' protection to German consumers.

At 9:56am: (LON:IGG) IG Group Holdings PLC share price was -3.75p at 549.25p

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