Plus500 Limited FSMA Update re Belgium (1883D)
25 April 2017 - 4:00PM
UK Regulatory
TIDMPLUS
RNS Number : 1883D
Plus500 Limited
25 April 2017
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
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Elad Even-Chen, Chief Financial +972 4 8189503
Officer ir@Plus500.com
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Liberum - Nomad and Broker
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Clayton Bush, Neil Elliot, +44 20 3100
Josh Hughes 2222
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Berenberg (Joint Broker)
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Chris Bowman, Amritha Murali, +44 20 3207
Marie Stolberg 7800
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MHP Communications
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Reg Hoare, Tim Rowntree, Kelsey +44 20 3128
Traynor 8100
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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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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