Austria imposes permanent restrictions on CFDs, bans binary options
In making Esma’s curbs on CFDs lasting, the regulation follows action by the Netherlands and others
Austria’s Financial Market Authority (FMA) will restrict the marketing, distribution and sale of contracts-for-difference (CFDs) that are accessible to retail clients or from brokers located in the country, in the latest push by European Union member state to address concerns about the availability of complex financial products to consumers.
The restrictions on CFDs, which will take effect on May 30, come on the back of temporary rules put in place by the European Securities and Markets
More on Retail
IG research explores correlation between politics and FX data levels
New timeline of global historic politics impacting forex offered online
Esma warns retail brokers over ‘pro’ push
Regulator warns brokers not to promote professional status to unqualified investors
CMC posts profit warning; Foley resigns
New Esma margin rules have “resulted in retail clients trading less”, online trading firm says
IG opens for online FX trading in US
Retail FX broker launches new subsidiary after navigating regulatory hurdles
Saxo Capital Markets: Esma leverage limits on CFDs good for industry
The policy will reward well-behaved retail FX brokers
FCA mulls restrictions on CFDs
The restrictions are fundamentally similar to those imposed by Esma earlier this year, but would have permanent effect
Asia: the new frontier for global payments
With regulatory barriers lowered, the region is ripe for new entrants
Esma renews ban on most binary options
European regulator excludes certain types of binary options
