March 27 (Reuters) - IG Group Holdings Plc:
* SUPPORTS ESMA IN ITS EFFORTS TO ENHANCE CONSUMER PROTECTION
* “IG IS DISAPPOINTED THAT ESMA HAS CHOSEN TO PROCEED WITH ITS PROPOSAL TO IMPOSE DISPROPORTIONATE LEVERAGE RESTRICTIONS”
* IG GROUP- MEASURES ANNOUNCED BY ESMA ONLY RELATE TO RETAIL CLIENTS. IG’S CLIENT BASE IS, AND HAS ALWAYS BEEN, DOMINATED BY SOPHISTICATED TRADERS
* BELIEVES THAT CLIENTS WHO GENERATE OVER HALF OF ITS CURRENT UK AND EU REVENUE WILL BE CLASSIFIED AS ELECTIVE PROFESSIONAL.
* DOES NOT BELIEVE THERE WILL BE ANY FINANCIAL IMPACT FROM IMPLEMENTATION OF MEASURES IN CURRENT FINANCIAL YEAR, FY18
* EXPECTS THAT ITS REVENUE IN FY19 WILL BE LOWER THAN THAT EXPECTED IN FY18, PRIMARILY REFLECTING IMPACT OF REGULATORY CHANGES IN UK AND EU
* “DEMAND FOR PRODUCTS AND SERVICES OFFERED BY IG IS STRONG, AND GROWING AND COMPANY EXPECTS TO RETURN TO GROWTH AFTER FY19” Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)