News & Analysis


ESMA Publishes Q&As: Temporary Product Intervention Measures

The European Securities and Markets Authority (ESMA) has published its Q&As on the temporary product intervention measures adopted on the marketing, distribution, and sale of CFDs and binary options to retail clients.

This first version of Q&As provides answers to practical questions in relation to:

  • Existing contracts;
  • Payments;
  • Margin close-out protection;
  • Aggregate liability;
  • Monetary benefits;
  • Binary options;
  • CFDs referencing futures; and
  • Guaranteed stop loss orders.

It is reasonable to expect that ESMA will cover additional topics following the implementation of the intervention measures, so it is worth keeping a close eye on that space.

To ensure you reach a fully compliant position in time, please do not hesitate to contact one of our consultants.