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The AMF has announced the entry into force as of two July 2019 of a national intervention measure targeting binary options. Contracts for Differences (CFDs) volition be subject to a national restriction measure applicative as of 1st August. These measures are the continuation of those implemented by the European Securities and Markets Authorization (ESMA) over the past year and mark a new step in protecting investors from the highest-chance products.

Ban on binary options from 2 July 2019

The marketing, distribution or sale of binary options to retail investors from the European Wedlock are prohibited from ii July 2018. This measure out was implemented by the European Securities and Markets Authority (ESMA) and renewed iii times, but concluded on 1st July 2019.

Following a public consultation conducted in leap 2019, the AMF has decided to take over the ban on the marketing, distribution and sale of binary options to retail investors, in France or from French republic.

Restriction of CFDs as from 1st August 2019

Restrictions on the marketing of Contracts for Divergence (CFDs) decided by the ESMA take applied since 1st August 2018 and have likewise been renewed. This mensurate will end on 31 July 2019. The AMF will take over this measure as of 1st August 2019 with respect to the marketing, distribution or auction, in France or from France, of CFDs to retail investors.

The scope of this long-term measure remains exactly the same as that in strength at the European level and concerns products with the post-obit characteristics:

  • leverage limits;
  • application of a per account close-out dominion as shortly as the margin exceeds a certain level;
  • negative account balances are not permitted;
  • ban on CFD suppliers encouraging the public to invest in these products;
  • provision of a warning or information issued by CFD suppliers on the risks associated with the authorised products;
  • ban on participating in activities that would amount to the circumvention of these intervention measures.

These measures have received the blessing of the ESMA and autumn within the scope of the ongoing process to protect retail investors. Information technology must also be noted that many other national regime in the Eu are currently engaged in similar processes to ensure that the ESMA measures are maintained in the long term.

About the AMF
The AMF is an independent public authority responsible for ensuring that savings invested in financial products are protected and that investors are provided with acceptable data. The AMF too supervises the orderly operations of markets. Visit our website https://www.amf-france.org

Press contact:
AMF Communications Section - Tel.: +33 (0)1 5345 6025