Austria imposes permanent restrictions on CFDs, bans binary options

In making Esma’s curbs on CFDs lasting, the regulation follows action by the Netherlands and others

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Danube City, Vienna: restrictions on CFDs by Austria’s Financial Market Authority will take effect on May 30

Austria’s Financial Market Authority (FMA) will restrict the marketing, distribution and sale of contracts-for-difference (CFDs) that are accessible to retail clients or from brokers located in the country, in the latest push by European Union member state to address concerns about the availability of complex financial products to consumers.

The restrictions on CFDs, which will take effect on May 30, come on the back of temporary rules put in place by the European Securities and Markets

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