BETTER FINANCE’s answer to the Call for Evidence on Potential product intervention measures on contracts for differences and binary options to retail clients

BETTTER FINANCE wishes to congratulate ESMA for quickly making use of its brand new (03/01/2018) product intervention powers granted by MiFID II to ban or restrict the distribution of toxic investment products to retail clients. As asked many times in the past by BETTER FINANCE , the ESAs are now eventually empowered with broader product intervention powers, no longer solely on the basis of financial risks and stability considerations but including the power to ban or put on hold the selling of financial products that are toxic or not suited for retail clients, and not only those supervised by ESMA.

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