Regulatory Alerts2020-02-03
ESMA opinion on product intervention measures relating to CFDs proposed by the Finanstilsynet of Norway
The European Securities and Markets Authority issued this opinion to evaluate the justification and proportionality of permanent Contracts for Differences restrictions proposed by the Norwegian Finanstilsynet. ESMA concluded that the national measures are justified and proportionate, aligning with previous ESMA decisions that expired in July 2019. The Authority further determined it is necessary for other Member States to adopt equally stringent measures to prevent regulatory arbitrage and address cross-border investor protection concerns.
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