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ESMA Extends Crackdown On Spread Betting Products

Law360, London (December 20, 2018, 6:21 PM GMT) -- Europe’s securities watchdog has extended tough restrictions on sales of “contract for difference” products to retail clients for a further three months in a fresh blow to online trading companies.

The European Securities and Markets Authority's latest extension to its measures will take effect in February 2019. It is the second time the regulator has extended the crackdown on sales of the popular derivatives products since it targeted them in August.

ESMA said on Wednesday that it had carefully considered whether it was necessary to extend the limits currently in effect.

“ESMA considers that a significant investor protection concern related to...

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