TIDMIGG
RNS Number : 0585D
IG Group Holdings plc
23 October 2020
23 October 2020
LEI No: 2138003A5Q1M7ANOUD76
IG GROUP HOLDINGS PLC
ASIC statement on Contracts for Difference (CFD)
IG Group Holdings plc ("IG", "the Group", "the Company"), a
global leader in online trading, notes that the Australian
Securities and Investments Commission (ASIC) has today issued a
statement (20-254 MR) following its consultation announced in
August 2019 on product intervention measures relating to the
provision of CFDs.
The measures, which will take effect from 29 March 2021 and
apply to retail clients only, are broadly consistent with those
proposed by ASIC in its initial consultation. The leverage
restrictions are now in line with those already implemented by the
European Securities and Markets Authority in August 2018.
As previously guided, these measures do not change the Group's
financial targets of revenue growth in Core Markets of 3-5% over
the medium term, and an incremental GBP100 million of revenue by
the end of FY22 relating to the Significant Opportunities
portfolio.
IG has a strong track record of working constructively with its
regulators and adapting to regulatory change. The Group's continued
ability to adapt to the pace and direction of evolving regulation
is a long-term success factor.
For further information, please contact:
IG Group Investors IG Group Press FTI Consulting
Liz Scorer Ramon Kaur Neil Doyle / Ed Berry
020 7573 0727 07388 440127 020 3727 1141 / 1046
investors@ig.com press@ig.com
Disclaimer - forward-looking statements
This statement, prepared by IG Group Holdings plc (the
"Company"), may contain forward-looking statements about the
Company and its subsidiaries (the "Group"). Such forward-looking
statements can be identified by the use of forward-looking
terminology, including the terms "believes", "projects",
"estimates", "plans", "anticipates", "targets", "aims",
"continues", "expects", "intends", "hopes", "may", "will", "would",
"could" or "should" or, in each case, their negative or other
various or comparable terminology.
Forward-looking statements involve known and unknown risks,
uncertainties, assumptions and other factors which are beyond the
Company's control and are based on the Company's beliefs and
expectations about future events as of the date the statements are
made. If the assumptions on which the Group bases its
forward-looking statements change, actual results may differ from
those expressed in such statements. There are a number of factors
that could cause actual results and developments to differ
materially from those expressed or implied by these forward-looking
statements, including those set out under "Principal Risks" in the
Company's annual report for the financial year ended 31 May 2019.
The annual report can be found on the Company's website
(www.iggroup.com).
Forward-looking statements speak only as of the date they are
made. Except as required by applicable law and regulation, the
Company undertakes no obligation to update these forward-looking
statements. Nothing in this statement should be construed as a
profit forecast.
About IG
IG empowers informed, decisive, adventurous, people to access
opportunities in over 17,000 financial markets. With a strong focus
on innovation and technology, the company puts client needs at the
heart of everything it does.
IG's vision is to provide the world's best trading experience.
Established in 1974 as one of the world's first providers of
financial derivatives to retail traders, it continued leading the
way by launching the world's first online and iPhone trading
services.
IG is an award-winning, multi-product trading company which
allows retail, professional and institutional clients to trade 24
hours a day, 7 days a week*. IG is the world's No.1 provider of
CFDs** and a global leader in forex. It provides leveraged services
with the option of limited-risk guarantees and offers an
execution-only stock trading service in the UK, Australia, Germany,
France, Ireland, Austria and the Netherlands. IG has a range of
affordable, fully managed investment portfolios, which provide a
comprehensive offering to investors and active traders.
IG is a member of the FTSE 250, with offices across Europe,
including a Swiss bank, Africa, Asia-Pacific, the Middle East and
North America. IG Group Holdings plc holds a long-term investment
grade credit rating of BBB- with a stable outlook from Fitch
Ratings.
*Excluding 10pm Friday (GMT) to 8am Saturday (GMT)
**Based on revenue excluding FX (from published financial
statements, June 2020)
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
IRSPPGMUUUPUUBW
(END) Dow Jones Newswires
October 23, 2020 05:17 ET (09:17 GMT)
Grafico Azioni Ig (LSE:IGG)
Storico
Da Feb 2024 a Mar 2024
Grafico Azioni Ig (LSE:IGG)
Storico
Da Mar 2023 a Mar 2024