Notice – 27 July 2017:
In March 2017, the Central Bank of Ireland published a Consultation Paper (CP 107) on the protection of retail investors in relation to the distribution of CFDs, with the deadline for submissions passing on 29 May. The European Securities and Markets Authority (ESMA) has recently made an announcement concerning the possible use of its product intervention powers under Article 40 of the Markets in Financial Instruments Regulation (MiFIR) in relation to CFDs, rolling spot forex and binary options. Following this announcement, the Central Bank of Ireland has decided to delay issuing a feedback statement to CP 107 until the outcome of ESMA’s discussions are finalised.
CP 107 outlined proposed measures which are aimed at protecting the interests of retail clients. Options under consideration included the prohibition of the sale or distribution of CFDs to retail clients in and from Ireland and the implementation of enhanced investor protection measures. The Centra
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