SDIA has made a submission in response to the Government’s Green Paper on Financial Services and Credit Reform. In relation to the proposal to regulate margin lending as a financial product under the Corporations Act, we have made the following points:

o regulation of margin lending as a financial product is illogical
o serious consequences would flow for our members, including licence variations, updating disclosure documents, updating training, and insurance;
o the evidence for regulation is thin and not compelling, and
o consumer protection measures already exist.