Changes to Your FP Markets PDS.
FP Markets has announced some upcoming changes to their key client documentation and service offering.
The Australian Securities and Investments Commission (ASIC) has recently resolved to introduce a set of regulatory initiatives which come into effect on 4 April 2018 (the Client Money Reporting Rules) aimed at stepping up protections around the client monies of retail investors that are deposited at brokers like FP Markets.
Like the rest of the CFD industry, FP Markets will now formally be required to comply with an added number of record-keeping, reconciliation and reporting requirements when it comes to the handling of client monies in retail over-the- counter derivatives.
The updated PDS and Retail Client Terms are:
- FP Markets Account Terms and Conditions
- FP Markets CFD Product Disclosure Statement – IRESS
- FP Markets Product Disclosure Statement (Metatrader)
Please familiarize yourself with the enhanced measures they are actively undertaking to ensure that your client funds are kept safe and secure at all times.
Please note that if you wish to discuss these matters further then please contact your Account Manager.