Australian financial regulator ASIC has introduced new rules for licensed forex brokers. At that time, innovations concern customers of companies more than brokers themselves.
According to the new ASIC rules, brokers will have to provide data about customers, namely: their jurisdiction, type of cooperation (online retail or investment), the number of funds deposited into accounts, etc. Information should be collected for the period from December 2017 to March 2019, and this period of time was chosen for a reason. During this period, there were a number of restrictions for brokers, in particular, it was a question of changing the maximum amount of leverage, a ban on the provision of services outside Australia, a restriction on the trade-in contracts for price differences, etc.
Thus, the regulator will have full information on how innovations actually influenced the situation in the forex arena, which in turn will make it possible to draw up new requirements for reporting.