Breaking: ESMA Clarifies EU Passporting & Affiliate Use for Forex & CFDs Brokers

[kreslik.news]

The European Securities Markets Authority (ESMA) has published a new addition to its regulatory Q&A dedicated to providers of foreign exchange, CFDs and binary options brokers.

The document has been amended to include a section that clarifies the supranational regulator’s stance on passporting and the cross-border provision of financial services to retail clients.


The document is also addressing the use of affiliates by brokers and provides guidance to national supervisory authorities how to oversee such entities.

The detailed clarifications can be found in the embedded document at the bottom of this article (pages 84 to 96). Key takeaways ... (read more)