The European regulator ESMA has earlier today issued its positive opinion on product intervention measures taken by Slovenia and its National Competent Authority (NCA).
According to the EU watchdog, the proposed measures are justified and proportionate. NCA needs to take product intervention measures that are at least as stringent as ESMA’s measures. However, Slovenia’s Securities Market Agency (ATVP) has already notified the regulator that the product intervention measures taken by them are just the same as ESMA’s.
LeapRate reminds that the Australian regulator ASIC has recently taken further steps to protect consumers of binary options and CFDs, planning leverage restrictions of maximum 1:20.
ESMA’s official announcement can be seen here.