Q&A · ESMA
Existing contracts
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
ESMA's binary option prohibition and CFD restrictions apply from the date they come into application: CFDs sold earlier need not be brought within the measures (though firms may extend the protections), clients must be told of changes in good time, and closing existing positions early without consent would not be in clients' best interests.
Details
| Reference | ESMA_QA_1978 |
|---|---|
| Issuer | ESMA |
| Published | 1 Jun 2018 |
| Answered | 1 Jun 2018 |
| Submitted | 1 Jun 2018 |
| ESMA topics | Product intervention |
| Earlier Q&A document | ESMA 35-36-1262 Q&As on product intervention Q&A 5.1 |
Provisions it relates to
- Article 40 MiFIR · ESMA temporary intervention powersInferred · 90%
- MiFIR (whole act)Explicit reference