ESMA_QA_1984
Topic
Product intervention
01/06/2018
Subject Matter
CFDs referencing futures
Question
Why are CFDs referencing futures contracts not separately identified in Annex I to the CFD Decision to temporarily restrict contracts for differences in the Union in accordance with Article 40 of MiFIR?
Level 1 Regulation
Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014 - Investor Protection and Intermediaries
ESMA_QA_1983
Topic
Product intervention
01/06/2018
Subject Matter
Binary options
Question
How does ESMA define a binary option? In particular, is it limited to instruments with only two outcomes?
Level 1 Regulation
Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014 - Investor Protection and Intermediaries
ESMA_QA_1982
Topic
Product intervention
01/06/2018
Subject Matter
Monetary benefits
Question
What is considered a “monetary benefit” in relation to the prohibition made to investment firms providing retail clients with a payment, monetary or non-excluded monetary benefit in relation to CFDs?
Level 1 Regulation
Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014 - Investor Protection and Intermediaries
ESMA_QA_1981
Topic
Product intervention
01/06/2018
Subject Matter
Aggregate liability
Question
What is considered the retail client’s aggregate liability in relation to negative balance protection?
Level 1 Regulation
Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014 - Investor Protection and Intermediaries
ESMA_QA_1980
Topic
Product intervention
01/06/2018
Subject Matter
Margin close-out protection
Question
What is considered to be the ‘sum of funds in the CFD trading account’ and the “unrealised net profits of all open CFDs connected to that account’ for the purposes of margin close-out protection?
Level 1 Regulation
Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014 - Investor Protection and Intermediaries