ESMA prohibits binary options and restricts CFDs to protect retail investors

ESMA has announced a ban on the provision of binary options to retail investors in the EU and placed restrictions on the provision of contracts for differences, including rolling spot forex and financial spread bets, to retail investors in the EU. The FCA supports ESMA’s application of EU-wide temporary product intervention measures and expects to consult on whether to apply these measures on a permanent basis.

LSE requires all those with securities admitted to trading on AIM to have a Legal Entity Identifier

The London Stock Exchange ("LSE") requires all AIM companies with securities admitted to trading on AIM to have a Legal Entity Identifier (“LEI”) code. This is in order to ensure compliance with the obligations under Markets in Financial Instrument Directive (“MiFID II") and Market Abuse Regulation, which require market operators, such as London Stock Exchange, to collate LEI codes for each issuer with securities admitted to trading.

Best Execution

FCA publishes statement regarding failing oversight of best execution

Short Selling

Changes to Notification Procedures: FCA releases new forms for shares, sovereign debt and CDS

Corporate Access

FSA looking into issue of firms using clients' money to pay for corporate access

Short Selling Ban

Short Selling Ban: Restrictionsin place in France, Italy, Spain and Belgium; FSA will not follow suit with a UK ban