Industry Warning: Is your Brokerage Compliant? New ESMA rules to take effect on August 1

INDUSTRY WARNING: IS YOUR BROKERAGE COMPLIANT? NEW ESMA RULES TO TAKE EFFECT ON AUGUST 1.

An industry-wide legislation set forth by the European Securities and Markets Authorities (ESMA) has called for a temporary restriction of the marketing, distribution or sale of contracts for differences (CFDs) to retail clients. The new measures which will take effect on August 1st2018 will consist of:

  • leverage restrictions according to asset type
  • margin close-out rules
  • negative balance protection
  • a limit of CFD marketing

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