CySEC imposes national measures regarding binary options

On 10 July 2019, the Cyprus Securities and Exchange Commission (CySEC) published a Policy Statement on the decision to impose national measures regarding the marketing, distribution and sale of binary options, pursuant to Article 42 of Regulation (EU) No 600/20141 (MiFIR).

The measures proposed by CySEC, the "Cyprus National Product Intervention Measures", render the European Securities and Markets Authority (ESMA) temporary intervention measures permanent in relation to the marketing, distribution and sale of Binary options, in or from the Republic of Cyprus.

Effective 1 July 2019, ESMA has decided not to further renew these measures. ESMA’s news release can be found here.

CySEC’s policy statement can be found here.

Publication of CySEC’s directive to Cyprus’ official gazette can be found here (in Greek only) page 5/54.