ESMA announced today that it will
renew the restriction on the marketing, distribution or sale of
contracts for difference (CFDs) to retail clients
for a further 3 months.
ESMA's restriction on the marketing, distribution or sale of
CFDs to retail clients came into effect on 1 August 2018 for 3
months. This was an exercise of ESMA's new product intervention
powers under the Markets in Financial Instruments Regulation. For
further information, read our client briefing: CFDs and Retail
Clients: 3-month restriction on marketing, distribution
and sale will take effect in the coming months.
ESMA has now decided to renew the restriction for a further 3
months. The key restrictions (as outlined in our
earlier briefing) are expected to remain
broadly the same, with one change relating to risk warnings.
