Regulatory Alerts2019-05-28
FMA Regulation on Product Intervention Measures (FMA-PIV)
The Austrian Financial Market Authority (FMA) issued this regulation to implement product intervention measures for binary options and contracts for difference (CFDs) sold to retail clients. The rule prohibits the marketing of binary options unless specific safety conditions are met and imposes strict requirements on CFD providers, including mandatory initial margins, negative balance protection, and bans on client incentives. Additionally, the regulation mandates provider-specific risk warnings based on calculated loss percentages and applies these measures to products marketed in Austria from May 30, 2019.
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