ESMA renews binary options prohibition for a further three months

The European Securities and Markets Authority (ESMA) has agreed to renew the prohibition of the marketing, distribution or sale of binary options to retail clients, in effect since 2 July, for a further three-month period.

ESMA intends to adopt the renewal measure in the official languages of the EU in the coming weeks, following which ESMA will publish an official notice on its website. The measure will then be published in the Official Journal of the EU and will start to apply from 2 January 2019 for a period of three months.

Further information:

To read more, please follow this link:
https://www.esma.europa.eu/sites/default/files/library/esma71-99-1057_-_esma_renews_binary_options_prohibition_for_a_further_three_months_from_2_january_2019.pdf

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