RNS Number: 1796B
IG Group Holdings plc
22 October 2009
IG GROUP HOLDINGS PLC
Possible regulatory changes in Japan
The Financial Services Agency in Japan ("FSAJ") have announced a short period of public consultation on proposals to limit leverage on contracts for difference("CFDs") over certain asset classes. They propose restricting leverage to 5 times for shares, to 10 times for equity indices and to 50 times for bonds. The public consultation will run until 16 November 2009 with any restrictions coming into force approximately one year later. These proposals do not affect CFDs on commodities or precious metals or binary options. During the consultation period the Group will lobby the FSA directly as well as via industry channels.
Revenue in September from the products affected represented approximately 0.5% of Group revenue.
For further information please contact:
IG Group Holdings plc 020 7896 0011
Tim Howkins, Chief Executive
Steve Clutton, Finance Director
Financial Dynamics 020 7269 7114