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|Date||Ref.||Title||Section||Type||Download||Info||Summary||Related Documents||Translated versions|
|09/10/2020||ESM22-103-1158||ESM22-103-1158 Keynote Speech- Verena Ross- AFME Compliance and Legal Conference||COVID-19, Market Abuse, Market Integrity, MiFID - Secondary Markets, Speeches||Speech||PDF
|03/03/2020||ESMA50-164-3187||Innovation on a Grand Scale- speech by Steven Maijoor, Afore Consulting 4th Annual FinTech and Regulation Conference,Brussels||Innovation and Products, Speeches||Speech||PDF
|13/02/2020||ESMA70-145-66||Compliance table regarding MAR guidelines for persons receiving market soundings||Guidelines and Technical standards, Market Abuse||Compliance table||PDF
|31/01/2020||ESMA70-155-7850||Opinion- Relating to the intended Accepted Market Practice on liquidity contracts notified by the Commissione Nazionale per le Società e la Borsa (Consob)||Market Abuse||Opinion||PDF
|19/09/2019||ESMA70-155-8524||ESMA Opinion CNMV revised Accepted Market Practice||Market Abuse, Market Integrity||Opinion||PDF
|04/02/2019||ESMA70-145-67||Compliance table regarding MAR guidelines on delay in the disclosure of inside information||Guidelines and Technical standards, Market Abuse||Compliance table||PDF
|04/02/2019||ESMA70-145-153||Compliance table- MAR Guidelines on information relating to commodity derivatives markets or related spot markets for the purpose of the definition of inside information on commodity derivatives||Guidelines and Technical standards, Market Abuse, Market Integrity||Compliance table||PDF
|30/11/2018||ESMA71-99-1070||Developments in RegTech and SupTech||Innovation and Products, Speeches||Speech||PDF
|12/10/2018||ESMA71-99-1051||Financial Technology: ESMA’s Approach- Speech at the 4th Luxembourg FinTech Conference||Innovation and Products||Speech||PDF
|19/09/2018||ESMA71-99-1036||Steven Maijoor Keynote New technologies within and beyond capital markets||Innovation and Products, Speeches||Speech||PDF
|23/05/2018||ESMA71-99-979||ESMA appoints new chair to its Committee of Economic and Markets’ Analysis||Innovation and Products, Risk Analysis & Economics - Markets Infrastructure Investors||Statement||PDF
|13/04/2018||ESMA70-145-442||ESMA Opinion on AMF Accepted Market Practice on liquidity contracts||Market Abuse, Market Integrity||Opinion||PDF
|27/02/2018||ESMA71-319-70||Afore Consulting’s Second Annual FinTech and Digitalisation Conference: Regulation at the European Level and Beyond – Stanhope Hotel Brussels||Innovation and Products, Speeches||Speech||PDF
|13/11/2017||ESMA50-157-828||ESMA alerts firms involved in Initial Coin Offerings (ICOs) to the need to meet relevant regulatory requirements||Innovation and Products, Warnings and publications for investors||Statement||PDF
|13/11/2017||ESMA50-157-829||ESMA alerts investors to the high risks of Initial Coin Offerings (ICOs)||Innovation and Products, Warnings and publications for investors||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
|19/07/2017||ESMA50-164-820||Regulatory Technology: Reshaping the Supervisor-Market Participant Relationship||Innovation and Products, Speeches||Speech||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
|30/05/2017||ESMA70-145-103||Communication on launch of reference data submission under MAR||Market Abuse, Market Integrity||Opinion||PDF
|18/05/2017||pkaspeech||Speech by Patrick Armstrong on The Adoption of RegTech within the Financial Services Industry||Innovation and Products||Speech||PDF