ESMA Clarifies How MIFID II and MiFIR Apply to non-EU Traders

[kreslik.news]

The European Securities and Markets Authority (ESMA) announced today that it has updated its Questions and Answers document relating to the temporary restrictions on binary options and CFD for brokers.

According to the document, both the binary options and CFD decisions related to MiFID II and MiFIR II apply to investment firms or credit institutions authorised in the EU, regardless of the nationality or location of their clients.

Following the implementation of MiFIR and MiFID II earlier this year, the watchdog imposed temporary restrictions on the marketing, distribution or sale of CFDs and binary options on brokers. The ... (read more)