Q&A · ESMA
Aggregate liability
Answered
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Under ESMA's CFD measures, negative balance protection limits a retail client's total liability for all CFDs on a trading account to the funds in that account (cash plus unrealised net profits on open positions), excluding money held for other purposes.
Details
| Reference | ESMA_QA_1981 |
|---|---|
| Issuer | ESMA |
| Published | 1 Jun 2018 |
| Answered | 1 Jun 2018 |
| Submitted | 1 Jun 2018 |
| ESMA topics | Product intervention |
| Earlier Q&A document | ESMA 35-36-1262 Q&As on product intervention, question 5.4 |
Provisions it relates to
- Article 40 MiFIR · ESMA temporary intervention powersInferred · 90%
- MiFIR (whole act)Explicit reference