After Binary Options, will CySEC and others Move Towards Forex and CFDs
Posted: Thu Apr 14, 2016 2:34 pm
Being reported on Thursday was a circular about fair trading practices related to binary options that was sent by CySEC to entities under their jurisdiction. The circular came days after ESMA had released an inaugural Q&A paper on how speculative products facing retail customers such as CFDs, forex and binary options fit within MiFID rules.
As part of MiFID rules accepted by EU and enforced by individual country regulators is the obligation of brokers to act “honestly, fairly and professionally in accordance with the best interests of its clients, to take all reasonable steps to ... (read more)