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three.1. FAIR Canada is opposed to prospectus exemptions that might allow the sale of CDFs or rolling-place foreign exchange contracts to retail buyers. FAIR Canada agrees Using the ASC: an exemption within the prospectus need is just not acceptable in gentle in the inherent dangers of this sort of products.
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Obtaining details about the exempt sector is important so as to ensure that an suitable regulatory process is proven. The necessity to file a Report of Exempt Distribution is, consequently, vital and there should not be an exemption.[2]
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FAIR Canada is strongly opposed to any regulatory variations that may facilitate the sale of these merchandise to retail investors, and therefore FAIR Canada opposes the introduction of a prospectus exemption.
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Does one imagine that it is acceptable to provide a prospectus exemption to permit the sale of CFDs or rolling-location foreign exchange contracts to retail buyers? You should offer a detailed clarification of your reasons.
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