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|Date||Ref.||Title||Section||Type||Download||Info||Summary||Related Documents||Translated versions|
|05/12/2019||JC 2019 19||The introduction of fallbacks in OTC derivative contracts and the requirement to exchange collateral||Joint Committee, Post Trading||Statement||PDF
|04/12/2019||ESMA71-99-1254||Acting Chair CCP Supervisory Committee||Board of Supervisors, Corporate Information, Post Trading, Press Releases||Statement||PDF
|12/07/2019||ESMA70-156-1436||Public Statement MiFIR DTO||MiFID - Secondary Markets, Post Trading||Statement||PDF
|12/07/2019||ESMA35-36-1743||Statement Product Intervention||MiFID - Investor Protection||Statement||PDF
|28/03/2019||ESMA70-151-2181||Public statement on Refit implementation of CO regime for FCs and NFCs||Post Trading||Statement||PDF
|28/03/2019||ESMA90-1-83||Brexit Update March 2019||Brexit, Credit Rating Agencies, MiFID - Secondary Markets, MiFID II: Transparency Calculations and DVC, Post Trading, Trade Repositories||Statement||PDF
|01/02/2019||ESMA70-151-1997||ESMA statement on issues affecting reporting, recordkeeping, reconciliation, data access, portability and aggregation of derivatives under Article 9 EMIR in the case of UK withdrawal from the EU without a transitional agreement||Post Trading||Statement||PDF
|31/01/2019||ESMA70-151-2050||Public Statement on Refit implementation timing issues||Post Trading||Statement||PDF
|19/12/2018||ESMA70-151-2032||ESMA statement recognition of UK CCPs and CSD in no deal Brexit||Brexit, Post Trading||Statement||PDF
|19/12/2018||ESMA35-43-1328||Brexit Statement- information to clients||Brexit, MiFID - Investor Protection||Statement||PDF
|23/11/2018||ESMA70-151-1948||Managing risks of a no-deal Brexit in the area of central clearing||Brexit, Post Trading, Press Releases||Statement||PDF
|07/11/2018||ESMA71-99-1058||ESMA new SC chairs||Fund Management, MiFID - Investor Protection, Risk Analysis & Economics - Markets Infrastructure Investors||Statement||PDF
|31/10/2018||ESMA70-151-1773||Public Statement on CO and TO for intragroup as well as Cat 4||Post Trading||Statement||PDF
|03/07/2018||ESMA70-151-1462||Communication on clearing obligation for pension scheme arrangements||Post Trading||Statement||PDF
|30/05/2018||ESMA71-99-991||Statement of the EBA and ESMA on the treatment of retail holdings of debt financial instruments subject to the Bank Recovery and Resolution Directive||MiFID - Investor Protection, Warnings and publications for investors||Statement||PDF
|15/12/2017||ESMA71-99-910||Statement on preparatory work of the European Securities and Markets Authority in relation to CFDs and binary options offered to retail clients||MiFID - Investor Protection, Warnings and publications for investors||Statement||PDF
|24/11/2017||ESMA71-99-664||ESMA registers NEX Abide Trade Repository AB as a trade repository||Post Trading||Statement||PDF
|29/09/2017||ESMA71-99-602||ESMA appoints new chairs to Standing Committees||Board of Supervisors, Corporate Disclosure, Corporate Finance, Corporate Information, Innovation and Products, Market Integrity, MiFID - Secondary Markets, Post Trading||Statement||PDF
|28/06/2017||ESMA35-36-885||Product Intervention- General Statement||Innovation and Products, MiFID - Investor Protection||Statement||PDF
This statement provides an update on the European Securities and Markets Authority’s (ESMA) work in relation to the sale of contracts for differences (CFDs), binary options and other speculative products to retail investors.
ESMA has been concerned about the provision of speculative products such as CFDs, rolling spot forex and binary options to retail investors for a considerable period of time and has conducted ongoing monitoring and supervisory convergence work in this area. In this context, ESMA has previously published a number of Q&As on CFDs and other speculative products to foster supervisory convergence, having established a CFD Task Force in July 2015, and also issued a further investor warning on the sale of CFDs, binary options and other speculative products in July 2016.
However, ESMA remains concerned that these supervisory convergence tools may not be sufficiently effective to ensure that the risks to consumer protection are sufficiently controlled or reduced. ESMA is therefore discussing the possible use of its product intervention powers under Article 40 of MiFIR to address investor protection risks in relation to CFDs, rolling spot forex and binary options.
ESMA is in the process of discussing the possible use of its product intervention powers under Article 40 of MiFIR, the possible content of any such measures, and how they could be applied. However, ESMA can confirm that the measures being discussed for (i) CFDs and rolling spot forex and (ii) binary options include proposals that take into account a number of measures that have been adopted or publicly consulted on by EU National Competent Authorities. These measures include leverage limits, guaranteed limits on client losses, and / or restrictions on the marketing and distribution of these products.
In accordance with Article 40 of MiFIR, any intervention measures must be approved by the ESMA Board of Supervisors and can only come into effect from 3 January 2018 at the earliest.
 ESMA/2016/1166 Warning about CFDs, binary options and other speculative products published 25 July 2016
|23/02/2017||ESMA70-708036281-185||ESAs communication on variation margin exchange under the EMIR RTS on OTC derivatives||Post Trading||Statement||PDF