Regulatory Alerts2026-03-09
Added · Updated
Circular on ESMA Public Statement Identifying Derivatives within the Scope of CFDs National Product Intervention Measures
The Malta Financial Services Authority issues this circular to alert investment firms that derivatives marketed as perpetual futures likely fall under Contracts for Differences product intervention measures. Firms must conduct legal analyses based on product functionality rather than commercial names to ensure compliance with leverage limits, risk warnings, and negative balance protection. Additionally, firms must adhere to MiFID II product governance, appropriateness, and conflict of interest requirements, and prepare Key Information Documents under the PRIIPs Regulation for retail distribution.
Topics
Share