Q&A · ESMA
Binary options
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
ESMA's binary option prohibition covers any option paying a fixed amount or zero depending on predetermined conditions, including payouts contingent on several events or rising in steps if further conditions are met, not just two-outcome contracts.
Details
| Reference | ESMA_QA_1983 |
|---|---|
| Issuer | ESMA |
| Published | 1 Jun 2018 |
| Answered | 1 Jun 2018 |
| Submitted | 1 Jun 2018 |
| ESMA topics | Product intervention |
| Earlier Q&A document | ESMA Q&As on Product intervention, Q&A 5.6 |
Provisions it relates to
- Article 40 MiFIR · ESMA temporary intervention powersInferred · 90%
- MiFIR (whole act)Explicit reference