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BRIEF-CMC Markets Notes ASIC Consultation On Application Of Product Intervention Powers

Published 22/08/2019, 09:06 pm
© Reuters.  BRIEF-CMC Markets Notes ASIC Consultation On Application Of Product Intervention Powers
CMCX
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Aug 22 (Reuters) - CMC Markets PLC CMCX.L :

* RESPONSE TO ASIC CONSULTATION PAPER

* BELIEVES CMC IS CURRENTLY ON TRACK TO REPORT NET OPERATING INCOME AND PROFIT BEFORE TAX FOR YEAR ENDED 31 MARCH 2020

* CHANGES PROPOSED IN AUSTRALIA ARE SIMILAR TO THAT ALREADY IMPLEMENTED IN OTHER JURISDICTIONS, INCLUDING ESMA

* NOTES ANNOUNCEMENT BY AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ON CONSULTATION ON APPLICATION OF PRODUCT INTERVENTION POWERS

* ANY PRODUCT INTERVENTION ORDER WHICH ASIC MAKES IS ONLY EFFECTIVE FOR UP TO AN INITIAL PERIOD OF 18 MONTHS

* WILL CONTINUE TO ENGAGE WITH ASIC OVER COMING MONTHS

* ON TRACK FOR NET OPERATING INCOME AND PBT FOR FY ENDED MARCH 2020 MARGINALLY AHEAD OF UPPER END OF CURRENT RANGE OF ANALYSTS' FORECASTS

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