Regulatory Alerts2019-08-27
ESMA Opinion on the Product Intervention Measure Relating to Binary Options Proposed by Slovenia
The European Securities and Markets Authority issued this opinion to evaluate a permanent prohibition on the marketing, distribution, or sale of binary options to retail clients proposed by Slovenia's national competent authority. ESMA concluded that the national measure is justified and proportionate, aligning with previous temporary EU-wide bans that had expired. Furthermore, ESMA determined that it is necessary for other Member States to adopt similar stringent measures to prevent regulatory arbitrage and ensure consistent investor protection across the Union.
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