ESMA: Renewal of restriction on CFDs/Q&As
ESMA has agreed to renew the restriction on the marketing, distribution or sale of contracts for differences to retail clients, in effect since 1 August, from 1 November 2018 for a further three-month period. ESMA notes that CFD providers have experienced technical difficulties in using the risk warnings due to the character limitations imposed by third party marketing providers and has agreed to introduce in the renewal an additional reduced character risk warning. The Q&A document on CFDs and binary options has been updated to provide clarification on the application of the temporary product intervention measures in relation to rolling spot forex.