MFSA ISSUES CONSULTATION ON CFDs AND BINARY OPTIONS
On the 13th of May 2019, the Malta Financial Services Authority (MFSA) issued two consultation documents on the implementation of national product intervention measures in relation with Binary Options and Contracts for Difference respectively. This follows the measures imposed and extended by ESMA throughout 2018 to date, as well as a data collection exercise that was recently conducted by the MFSA in relation with the distribution of CFDs to Retail Clients.
The measures being proposed by MFSA will essentially mirror the temporary measures imposed by ESMA. As part of the implementing measures, the MFSA will also be effecting a number of modifications to the relevant provisions of the Investment Services and Conduct of Business Rulebooks.
The MFSA is receiving feedback from all stakeholders on the proposed measures on Binary Options and Contracts for Differences by the 27th May and 10th June 2019 respectively. Should you require any further information or wish to contribute to the consultation, please contact our financial services team on email@example.com or firstname.lastname@example.org.