Plus500 said the Financial Markets Authority, the New Zealand government agency responsible for financial regulation, has granted Plus500AU Pty Ltd a derivatives issuer licence.
The licence enables Plus500AU Pty Ltd, which is Plus500’s Australian operating subsidiary, to operate an online trading platform for retail customers to trade CFDs in New Zealand.
The Board believes that the award of the licence reflects the Group’s robust trading platform and its continued focus on best practice regulatory compliance.
The licence is effective immediately and is renewable every five years.
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