Regulatory Alerts2020-04-08
ESMA opinion under article 43(2) MiFIR on Hungarian CFD product intervention measures
The European Securities and Markets Authority issued an opinion on the permanent restriction of Contracts for Differences to retail clients proposed by the Magyar Nemzeti Bank of Hungary. ESMA concluded that the national measures are justified and proportionate because they align with previous ESMA decisions and address significant investor protection concerns. The Authority further determined that it is necessary for other Member States to adopt equally stringent measures to prevent regulatory arbitrage and ensure consistent protection across the Union.
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