On 9 November 2018, the European Securities and Markets Authority (ESMA) updated its MiFID II Q&As on temporary product intervention measures on the marketing, distribution or sale of contracts for differences (CFDs) and binary options to retail clients. The updated Q&As:
- modify a question (5.2) on what is considered payments for the purpose of entering into a CFD; and
- insert a new question and answer (5.13) on how a firm should ensure the prominence of the appropriate risk warning specified in Annex II of ESMA Decision 2018/796 to temporary restrict the marketing, distribution or sale of contracts for differences to retail clients.