L'ESMA prolonge les mesures d’interdiction des options binaires et les restrictions sur les CFD'

L'AMF résume :
"En place depuis l’été 2018, l’interdiction de la vente d’options binaires aux particuliers et la restriction de celle de certains CFD sont reconduites.

Estimant que les risques pour les épargnants demeurent, le Conseil de l’Autorité européenne des marchés financiers (AEMF ou ESMA en anglais) a décidé de renouveler ces mesures de protection en vigueur depuis l’été 2018 :

A compter du 2 janvier 2019, l’interdiction de vente d’options binaires aux particuliers de l’Union européenne est prolongée ;
A compter du 1er février 2019, les restrictions concernant la commercialisation, la vente et la distribution de CFD auprès du grand public sont également reconduites.
Ces deux mesures, une fois publiées au Journal Officiel de l’Union européenne, s’appliqueront chacune pour une nouvelle période de trois mois.  

L’AMF envisage de mettre en place des mesures nationales qui entreraient en vigueur dès que les mesures de l’ESMA ne s’appliqueront plus."

Donc on a compris que ces mesures vont être définitives en France


Le communiqué original de l'ESMA sur les CFD:

"The European Securities and Markets Authority (ESMA) has agreed to renew the restriction on the marketing, distribution or sale of contracts for differences (CFDs) to retail clients, in effect since 1 August, from 1 February 2019 for a further three-month period.

ESMA has carefully considered the need to extend the intervention measure currently in effect. ESMA considers that a significant investor protection concern related to the offer of CFDs to retail clients continues to exist. It has therefore agreed to renew the measure from 1 February 2019 on the same terms as the previous renewal decision that started to apply on 1 November 2018.

Renewal of restriction on CFDs

The renewal was agreed by ESMA’s Board of Supervisors on 18 December 2018 and includes renewing the following:

Leverage limits on the opening of a position by a retail client from 30:1 to 2:1, which vary according to the volatility of the underlying:
30:1 for major currency pairs;
20:1 for non-major currency pairs, gold and major indices;
10:1 for commodities other than gold and non-major equity indices;
5:1 for individual equities and other reference values;
2:1 for cryptocurrencies;
    2. A margin close out rule on a per account basis. This will standardise the percentage of margin (at 50% of minimum required margin) at which providers are required to close  out one or more retail client’s open CFDs;

    3. Negative balance protection on a per account basis. This will provide an overall guaranteed limit on retail client losses;

    4. A restriction on the incentives offered to trade CFDs; and

    5. A standardised risk warning, including the percentage of losses on a CFD provider’s retail investor accounts. The standardised risk warning will continue to allow use of the  additional abbreviated risk warning introduced in the previous renewal decision for cases where the standard terms of a third party marketing provider have a character limit which is lower than the number of characters comprising the full or the abbreviated risk warning, provided that the advertisement also links to a webpage of the provider on which the full risk warning is disclosed.

Next steps

ESMA intends to adopt the renewal measure in the official languages of the EU in the coming weeks, following which ESMA will publish an official notice on its website. The measure will then be published in the Official Journal of the EU and will start to apply from 1 February 2019 for a period of three months."


Le communiqué original de l'ESMA sur les options binaires

The European Securities and Markets Authority (ESMA) has agreed to renew the prohibition
of the marketing, distribution or sale of binary options to retail clients, in effect since 2 July, for
a further three-month period.
ESMA has carefully considered the need to extend the intervention measure currently in effect.
It considers that a significant investor protection concern related to the offer of binary options
to retail clients continues to exist. ESMA has therefore agreed to renew the measure from 2
January 2019 on the same terms as the previous renewal decision that started to apply on 2
October 2018.
The renewal was agreed by ESMA’s Board of Supervisors on 7 November 2018.
Next steps
ESMA intends to adopt the renewal measure in the official languages of the EU in the coming
weeks, following which ESMA will publish an official notice on its website. The measure will
then be published in the Official Journal of the EU and will start to apply from 2 January 2019
for a period of three months.