The European Securities and Markets Authority (ESMA) plans to impose Europe-wide product intervention measures in relation to CFDs (including Rolling Spot Forex) and binary options. The legal basis for such a production intervention is the EU Regulation on Market in Financial Instruments (MIFIR), which entered into force at the start of 2018.
ESMA has now published a consultation paper on the ESMA website about the planned product intervention measures. Providers of CFDs and/or binary options as well as consumer protection organisations and investors are invited to submit comments until 05.02.2018.