ESMA/FCA: CFDs and binary options offered to retail clients
18 Dec 2017 (UPDATED: 13 Mar 2026)
International
1 min read
ESMA has issued a statement its preparatory work with regard to the provision of CFDs (including rolling spot forex) and binary options to retail clients. ESMA is considering the possible use of its product intervention powers under Article 40 of MiFIR2 to address these investor protection risks, including the potential prohibition of the marketing, distribution or sale to retail clients of binary options; and restricting the marketing, distribution or sale to retail clients of CFDs, including rolling spot forex. ESMA intends to publish a consultation next month. FCA notes the statement, adding that it supports ESMA in its stance and that its own work on this issue is ongoing.