The European Securities and Markets Authority ("ESMA’s") temporary restrictions on contracts for differences (CFDs) and Binary Options (BOs) to retail clients are or have been terminated. In this regard, the Malta Financial Services Authority ("MFSA") has published a Circular notifying firms providing CFDs and BOs that it is their obligation to ensure that the firm’s cross border business is also in line with the host country National Competent Authority product intervention measures.
Firms are also reminded that the recently amended Chapter 4 the Conduct of Business Rulebook contains the National Product Intervention Measures in relation to BOs. Furthermore, the MFSA is in the process of amending the Conduct of Business Rulebook in relation to the National Product Intervention Measures in relation to CFDs.
Please feel free to contact us if you require more information on the National Product Intervention Measures.