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ARTICLE · 20 AUGUST 2012

New Net Tangible Assets (NTA) test for CFD and FX dealers

Clayton Utz
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ASIC's new financial requirements for issuers of retail OTC derivatives could significantly raise the bar for them.

AustraliaFinance and Banking
Louise McCoach
Louise McCoach
Matthew Daley
Matthew Daley
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ASIC's new financial requirements for issuers of retail OTC derivatives significantly raise the bar for them, and could push some players out of the market all together. Louise McCoach and Matthew Daley run through what the new rules are, and their likely effect on the industry, before going through the to-do list to prepare for the first 31 January 2013 deadline.

New NTA test of CFD and FX dealers
David Bushby, BRR Media
Louise McCoach, Partner, Clayton Utz
Matthew Daley, Partner, Clayton Utz

David Bushby

Today BRR Media speaks with Louise McCoach. She heads up the derivatives banking team at Clayton Utz here in Sydney, and joining her is Matthew Daley who is a partner in the financial services team at Clayton Utz. Thanks for joining us.

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