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|Date||Ref.||Title||Section||Type||Download||Info||Summary||Related Documents||Translated versions|
|27/06/2018||ESMA70-145-924||Speech by ESMA Executive Director Verena Ross on LEI||Market Integrity, MiFID - Secondary Markets||Speech||PDF
|21/06/2018||ESMA70-156-427||MiFID II Implementation – Achievements and Current Priorities, Steven Maijoor, FESE convention 2018, Vienna, 21 June||MiFID - Secondary Markets, Speeches||Speech||PDF
|20/06/2018||ESMA70-145-872||Public statement on LEI||MiFID - Secondary Markets||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
|21/03/2018||ESMA71-99-964||CMU, Brexit and ESA review – What’s next? Steven Maijoor BVI Keynote||Fund Management, MiFID - Investor Protection, Speeches||Speech||PDF
|08/03/2018||ESMA71-99-955||EU Agencies Joint declaration on harassment||Corporate Information||Statement||PDF
|20/12/2017||ESMA70-145-401||ESMA statement for smooth implementation of LEI||MiFID - Secondary Markets||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
|30/11/2017||ESMA71-319-65||Keynote Address at ASIFMA Annual Conference 2017 Hong Kong- Verena Ross||MiFID - Secondary Markets, Post Trading, Speeches||Speech||PDF
|20/11/2017||ESMA71-99-662||GFMA-ASIFMA LEI WEBINAR 19.10.17||MiFID - Secondary Markets||Speech||PDF
|05/10/2017||ESMA35-42-597||Speech by Steven Maijoor on financial education and investor protection in Europe- IOSCO World Investor Week||MiFID - Investor Protection, Speeches||Speech||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
|28/09/2017||ESMA70-154-356||Public statement- Joint work plan of ESMA and NCAs for opinions on MiFID II pre-trade transparency waivers and position limits||MiFID - Secondary Markets||Statement||PDF
|22/09/2017||ESMA71-319-53||Verena Ross Keynote AFME Compliance and Legal Conference||MiFID - Secondary Markets, Speeches||Speech||PDF
|06/07/2017||ESMA71-99-522||ESMA appoints new member to its Management Board||Corporate Information, Management Board||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
|02/12/2016||2016/1640||Speech by Verena Ross, ESMA Executive Director at the 2016 Global Capital Markets Conference||MiFID - Investor Protection, Speeches||Speech||PDF
|17/11/2016||2016/1584||Safeguarding investors is key to ensuring the capital markets Union’s success||MiFID - Investor Protection, Speeches||Speech||PDF
|16/11/2016||2016-1579||ESMA Chair speaks on improving outcomes for investors in investment funds||Fund Management, Speeches||Speech||PDF
|28/10/2016||ESMA/2016/1528||European common enforcement priorities for 2016 financial statements||Corporate Disclosure, Corporate Information, IFRS Supervisory Convergence||Statement||PDF