Thank you for that @Clint Sadly, overpaid beaurocrats getting involved with restricting our lives and wanting to grasp even more controls is one of the BIG reasons why those of us with a brain who value freedom have decided to Dump the European Economic Community we joined as they push it inexorably towards becoming an “Economic Union” where we have even less say.
I have to say I have some agreement with the negative equity proposal, But things like the restriction on leverage are draconian and the 50% stop-out is even worse for those (like me) who believe that the right way to operate an account is to keep a small amount of actual cash in it, but to refinance if the balance needs it and withdraw “winnngs” as a defence against possible broker error / insolvency.
This stupidity will initiate the Law of Unintended consequences and simply cause even more risk to punters by driving them offshore into the clutches of dubious “brokers” operating from unregulated (or even more poorly regulated) locations. “Scams” will become even more prevalent and these regulators will be to blame, although of course they too will “blame the Victims”
However, having had my little rant here, I would like to make my views known - can anyone spoonfeed us a link on how to actually do so please ?