Esma to restrict promotion of CFDs from August 1
Under new rules, retail FX brokers will need to provide prominent warnings on the risks involved in CFD trading
The European Securities and Markets Authority (Esma) will restrict the marketing, distribution and sale of contracts for difference (CFDs) to retail investors based in the European Union from August 1, under powers bestowed to the regulator following the Markets in Financial Instruments Regulation on January 3.
The restrictions will be in place for three months. Before the end of that period, Esma will review the measures and decide whether they need to be extended for a further three months
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