French Fiscal Regulator Releases Details On Advertising Ban Of Binary Options & Cfd Investments Inwards France

France’s fiscal regulator (AMF) added roughly clarification today to the late passed Sapin II bill, which restricts the advertising of risky fiscal products similar FX binary options & CFDs to the French public.

According to a study carried out past times the AMF, xc pct of those who participated inwards these risky investments lost coin over a 4-year period:
“Clients of leading services providers authorised past times serious regulators reported EUR 175 ane M one thousand inwards losses compared amongst EUR xiii ane M one thousand inwards gains over 4 years in addition to 90% of them lost money.”
The Sapin II anti-corruption nib - named later French Minister of Finance, Michel Sapin - was passed on Nov 8, 2016. Under the novel provisions, the AMF in addition to the General Directorate for Competition Policy, Consumer Affairs in addition to Fraud Control are tasked amongst enforcing the novel advertising ban amongst watch to iii specific types of trading instruments: binary options, contracts for divergence (CFDs) in addition to unusual telephone commutation contracts.

The AMF release states:
“In practice, this affects all stakeholders, such equally investment services providers offering these contracts in addition to all participants inwards the advertising chain (media buyers, advertizement infinite buyers, media or advertizement sales companies, advertizement broadcasters, etc.). AMF staff volition bear active monitoring to seat banned advertisements piece the DGCCRF in addition to the AMF may, inwards accordance amongst their respective powers, sanction those involved.”
The AMF besides said they innovation to hold upwards amongst CySEC inwards Republic of Cyprus to “ prepare controls in addition to sanctions against authorized companies inwards that state” which are inwards violation of the novel regulations.

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