ESMA Extends Binary Options Restrictions Until July 2019
- This is the second time the regulator has extended the prohibitions for binary options.
The European Securities and Markets Authority (ESMA ESMA European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t Read this Term) has made an announcement today that is not likely to surprise many market participants - it has agreed to extend its ban on binary options for another three month period.
This is the third time the financial regulator has extended the prohibitions, which were originally implemented back in 2018 on July 2. This time, the three months will be extended from April 2, 2019, until July 2, 2019. However, if history is anything to go by, this ending date is likely to be extended yet again.
The regulations by ESMA prohibit the Marketing Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Read this Term, distribution or sale of binary options to retail clients in the European Union. The latest extension will follow the same rules as the period before it.
As for its reasoning, the watchdog repeated the same statement that it used for the previous extension, which is: “ESMA has carefully considered the need to extend the intervention measure currently in effect. It considers that a significant investor protection concern related to the offer of binary options to retail clients continues to exist.”
According to ESMA, the decision was reached after a meeting of its Board of Supervisors, which was held last week on February 14, 2019. Furthermore, it intends to adopt the renewal measures in the official languages in the EU in the coming weeks.
This will be followed by ESMA posting an official notice on its website and the publishing of the measure in the Official Journal of the EU, the statement said.
Will ESMA Extend Binary Options Indefinitely?
As Finance Magnates has previously highlighted, theoretically, ESMA can continue to renew its prohibitions on both binary options and CFDs until the end of time. In the next couple of years the regulator may put a permanent policy in place, but until then, it is highly likely the regulator will continue to renew the restrictions indefinitely.
The European Securities and Markets Authority (ESMA ESMA European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t Read this Term) has made an announcement today that is not likely to surprise many market participants - it has agreed to extend its ban on binary options for another three month period.
This is the third time the financial regulator has extended the prohibitions, which were originally implemented back in 2018 on July 2. This time, the three months will be extended from April 2, 2019, until July 2, 2019. However, if history is anything to go by, this ending date is likely to be extended yet again.
The regulations by ESMA prohibit the Marketing Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Read this Term, distribution or sale of binary options to retail clients in the European Union. The latest extension will follow the same rules as the period before it.
As for its reasoning, the watchdog repeated the same statement that it used for the previous extension, which is: “ESMA has carefully considered the need to extend the intervention measure currently in effect. It considers that a significant investor protection concern related to the offer of binary options to retail clients continues to exist.”
According to ESMA, the decision was reached after a meeting of its Board of Supervisors, which was held last week on February 14, 2019. Furthermore, it intends to adopt the renewal measures in the official languages in the EU in the coming weeks.
This will be followed by ESMA posting an official notice on its website and the publishing of the measure in the Official Journal of the EU, the statement said.
Will ESMA Extend Binary Options Indefinitely?
As Finance Magnates has previously highlighted, theoretically, ESMA can continue to renew its prohibitions on both binary options and CFDs until the end of time. In the next couple of years the regulator may put a permanent policy in place, but until then, it is highly likely the regulator will continue to renew the restrictions indefinitely.