ESMA, the European Securities and Markets Authority, has praised the impact of tighter binary option and CFD regulations. Local regulators following ESMA’s lead
In the past few months, regulators from around the European Union have been implementing suggestions from ESMA, taking their cue from the temporary measures that the European regulator instituted to curb the rampant sale and marketing of Binary Options.
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The leverage caps introduced on CFDs were thought to be harsh by many in the industry, but it seems that the authorities from around the European Union are agreeing wholeheartedly with ESMA that 30:1 for major currency pairs is more than enough without exposing consumers to too much risk. ESMA overjoyed with reception
The reception of the temporary measures and the speed with which local regulators have implemented their own has been extremely pleasing for the European financial watchdog.