Europe’s markets regulator has reminded firms that marketed perpetual futures may fall under existing contracts for differences (CFD) product intervention rules.
The European Securities and Markets Authority (Esma) has issued a public statement reminding firms to assess whether derivatives marketed as perpetual futures or ‘perpetual contracts’ fall within the scope of national product intervention measures on CFDs. Esma also reminded firms of wider investor protection obligations Esma said it has observed an increase in the offering of derivatives providing leveraged exposure to underlying assets, including crypto assets such as Bitcoin a