25 April 2017
Plus500 Ltd.
("Plus500" or "the Company")
FSMA Update re Belgium
Plus500, a leading online service provider for retail customers to trade CFDs, announces it has reached a settlement agreement with the Belgium Financial Services and Markets Authority ("FSMA") for the amount of EUR 550.000. The settlement was reached in the context of the public offering of investment instruments, including CFDs as offered by the Company, in Belgium.
The settlement does not amount to an admission of guilt or non-compliance by Plus500. Despite believing that it had introduced all necessary procedures to comply with the applicable legislation, Plus500 felt a settlement agreement was appropriate to respect the authority of FSMA and to reach a swift and final clearance of the jurisdictional process.
The Company reaffirms that it does not have any regulatory restrictions in any of the Group's regulated markets.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation ("MAR"). Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.
For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of the Company by Elad Even-Chen, Chief Financial Officer
Enquiries
Plus500 |
Elad Even-Chen, Chief Financial Officer |
+972 4 8189503 [email protected] |
Liberum - Nomad and Broker |
Clayton Bush, Neil Elliot, Josh Hughes |
+44 20 3100 2222 |
Berenberg (Joint Broker) |
Chris Bowman, Amritha Murali, Marie Stolberg |
+44 20 3207 7800 |
MHP Communications |
Reg Hoare, Tim Rowntree, Kelsey Traynor |
+44 20 3128 8100 |
About Plus500
Plus500 operates an online trading platform for retail customers to trade CFDs internationally over more than 2,100 different underlying global financial instruments comprising equities, indices, commodities, options, ETFs and foreign exchange. Retail customers of Plus500 can trade CFDs in more than 50 countries and in over 30 languages. The trading platform is also accessible from multiple operating systems (Windows, smartphones (iOS, Android and Windows Phone), tablets (iOS, Android and Surface), Apple Watch and web browsers.
Plus500 retains operating licences and is regulated in the United Kingdom, Australia, Cyprus, Israel, New Zealand and South Africa. Customer care is integral to Plus500: customers cannot be subject to negative balances, there are no commissions on trades, and a 50% maintenance margin call is applied. Plus500 does not utilise cold calling techniques and does not offer binary options. A free demo account is available on an unlimited basis for platform users and sophisticated risk management tools are provided free of charge to manage leverage and stop losses to help customers protect profits and limit capital losses.
www.plus500.co.uk
