CySec issued a Circular for CIFs regarding a new Belgian Regulation for OTC derivatives
The Cyprus Securities and Exchange Commission (CySec) has issued a Circular to draw the attention of the Cyprus Investment Firms (CIFs) to the enacting of new Belgian Regulation for the distribution of OTC derivatives (binary options, CFDs) to retail clients in Belgium, coming into effect on August 18, 2016.
According to this new Belgian Regulation, certain derivatives such as binary options, CFDs with leverage etc may not be distributed to retail clients and certain distribution practices will also be prohibited.
The CySec urges the CIFs to ensure that they will fully comply with the above regulation.
Read the Regulation of FSMA Belgium at: Certain financial derivatives such as binary options, CFDs with leverage will be restricted by FSMA
Source: CySec – CySec Circular C155 CIFs
Related Posts
CySec imposed more than 1 million in Administrative Fines on Investment firms in 2016 - CySec has issued a Circular regarding MIFID II Guidelines on Cross Selling Practices
- CySec announced a €150.000 Settlement with a Cyprus Investment Firm
CySec informs CIFs for the provision of warnings to retail clients resided in Spain- CySec has issued a Circular to inform regarding trading in Binary Options
