1. Purpose and status
1. The purpose of this document is to promote common, uniform and consistent supervisory approaches and practices in the day-to-day application of ESMA's temporary product intervention measures on the marketing, distribution or sale of CFDs and binary options to retail clients. It does this by providing responses to questions asked by the public, financial market participants, competent authorities and other stakeholders. The question and answer (Q&A) tool is a practical convergence tool used to promote common supervisory approaches and practices under Article 29(2) of the ESMA Regulation. Further information on ESMA's Q&A process is available on our website.
2. ESMA intends to update this document on a regular basis and, for ease of reference, ESMA provides the date each question was first published as well as the date/s of amendment beside each question. A table of all questions in this document and dates is provided in Section 4.
3. Additional questions…