European Institute of Management and Finance | ESMA issues statement on preparatory work in relation to CFDs, binary options and other speculative products
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ESMA issues statement on preparatory work in relation to CFDs, binary options and other speculative products

04 Jul ESMA issues statement on preparatory work in relation to CFDs, binary options and other speculative products

The European Securities and Markets Authority (ESMA) has issued a statement updating on its work in relation to the sale of contracts for differences (CFDs), binary options and other speculative products to retail investors.

Among other things the statement mentions that ESMA is discussing the possible use of its product intervention powers under Article 40 of MiFIR to address investor protection risks in relation to CFDs, rolling spot forex and binary options.

In accordance with Article 40 of MiFIR, any intervention measures must be approved by the ESMA Board of Supervisors and can only come into effect from 3 January 2018 at the earliest.

View ESMA issues statement on preparatory work in relation to CFDs, binary options and other speculative products, 29 June 2017

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