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
| Reference | ESMA_QA_1988 |
|---|---|
| Issuer | ESMA |
| Published | 30 Jul 2018 |
| Answered | 30 Jul 2018 |
| Submitted | 30 Jul 2018 |
| ESMA topics | Product intervention |
| Earlier Q&A document | ESMA 35-36-1262 Q&As on Product intervention, Q&A 5.10 |
Provisions it relates to
- Article 40 MiFIR · ESMA temporary intervention powersInferred · 90%
- MiFIR (whole act)Explicit reference