ESMA set to launch consultation on restrictions for binary options, CFD offering to retail clients
From financefeeds.com
The European Securities and Markets Authority (ESMA) has published a brief update on its plans to regulate the offering of contracts for differences (CFDs), including rolling spot FX, and binary options to retail clients. In particular, ESMA is considering measures to: • prohibit the marketing, distribution or sale to retail clients of binary options; and • restrict the marketing, distribution or sale to retail clients of CFDs, including rolling spot forex. The restrictions on CFDs under review are: • leverage limits on the opening of a position between 30:1 and 5:1, whose limit will vary according to the volatility ...
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