Rulestack

Q&A · ESMA

Securitised derivatives

Answered
Read the official text on the ESMA website(opens in a new tab)
AI-generated Summary

Turbo certificates are outside ESMA's CFD product intervention measures because they are not margined, carry no contingent liability, are transferable securities and are usually traded on a regulated market or MTF, though ESMA warns firms to watch the leverage offered to retail clients.

Details

ReferenceESMA_QA_1988
IssuerESMA
Published30 Jul 2018
Answered30 Jul 2018
Submitted30 Jul 2018
ESMA topicsProduct intervention
Earlier Q&A documentESMA 35-36-1262 Q&As on Product intervention, Q&A 5.10