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ARTICLE · 28 JUNE 2018

ESMA Measures In Relation To CFDs And Binary Options

Michael Kyprianou & Co. LLC
Michael Kyprianou & Co. LLC
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Οn 28/3/2018 the Cyprus Securities and Exchange Commission issued an announcement on the press release of the European Securities and Markets Authority (‘'ESMA'') ...

CyprusCorporate/Commercial Law
MK Compliance Limited
MK Compliance Limited
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Οn 28/3/2018 the Cyprus Securities and Exchange Commission issued an announcement on the press release of the European Securities and Markets Authority (''ESMA'') on product intervention measures on contracts for differences and binary options.

ESMA has taken measures pursuant to MiFIR Regulation 600/2014 for retail investors' protection. The measures will have an initial duration of up to three months, after which the measures may be renewed.

ESMA has agreed on prohibiting the marketing, distribution or sale of binary options to retail clients and restricting the marketing, distribution or sale of CFDs to retail clients (including rolling spot forex).

The restrictions on CFDs include:

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