Japanese FSA Targets Summer Date for Binary Options Regulation
Last year it was reported that the Japanese FSA (JFSA) had notified brokers to cease marketing new binary options products as it was working on creating rules to regulate the product. Areas that the JFSA were focusing on are hedging solutions for brokers, disclosure rules, daily customer trading limits, and expiration periods. The JFSA’s review is being made in conjunction with the Financial Futures Association of Japan (FFAJ), a self-regulating supervisory body .
With binary options currently an unregulated product, the JFSA is concerned that many offerings closely resemble gambling, which the regulator would like to limit. According to Japanese news site Jiji Press, the JFSA is in the final stages of creating its proposals with a planned summer implementation of the new Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term. In the Forex Magnates Q1 Forex Industry Report, Japan's pending regulation was discussed at length with binary options providers. Firms expressed to Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates that Japan is a key market for them and therefore they were taking a proactive approach to create solutions that will comply with the new rules as soon as they are released. Provider, Tradologic even explained that they were working with the Japanese FSA to assist them in developing criteria with which to regulate binary options platforms.
Last year it was reported that the Japanese FSA (JFSA) had notified brokers to cease marketing new binary options products as it was working on creating rules to regulate the product. Areas that the JFSA were focusing on are hedging solutions for brokers, disclosure rules, daily customer trading limits, and expiration periods. The JFSA’s review is being made in conjunction with the Financial Futures Association of Japan (FFAJ), a self-regulating supervisory body .
With binary options currently an unregulated product, the JFSA is concerned that many offerings closely resemble gambling, which the regulator would like to limit. According to Japanese news site Jiji Press, the JFSA is in the final stages of creating its proposals with a planned summer implementation of the new Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term. In the Forex Magnates Q1 Forex Industry Report, Japan's pending regulation was discussed at length with binary options providers. Firms expressed to Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates that Japan is a key market for them and therefore they were taking a proactive approach to create solutions that will comply with the new rules as soon as they are released. Provider, Tradologic even explained that they were working with the Japanese FSA to assist them in developing criteria with which to regulate binary options platforms.