In a communiqué on its website, the Belgium Financial Services and Markets Authority (FSMA) announced that its Regulation on distribution of ‘over-the-counter’ (OTC) derivatives has been approved. As a result, distribution of Forex, CFDs, and Binary options among Belgian retail clients is banned from 18 August 2016. According to the lawmakers, these products are extremely risky, often involving transactions over a very short period and without any connection to the real economy. The Regulation applies to unlisted OTC derivatives only. It does not apply to derivatives that are admitted to trading on a regulated market o ... (full story)