Product intervention regarding binary options and financial contracts for difference - General ruling in force
Pursuant to Art. 27dbis in conjunction with Annex 7.5 of the Banking Ordinance (BankO), the marketing, distribution and sale of certain binary options to non-professional investors in and from Liechtenstein is prohibited and the marketing, distribution and sale of financial contracts for difference to non-professional investors in and from Liechtenstein is only permitted subject to compliance with certain conditions.
In the course of the total revision of the Banking Act as part of the new conception of financial market law, which also includes the creation of the Securities Firms Act and the Securities Services Act as well as the Trading Venues and Stock Exchange Act, product intervention will be newly regulated. In accordance with the provisions of Regulation (EU) No. 600/2014, the FMA is empowered to take the supervisory measure of product intervention. For this purpose, the FMA uses the supervisory instrument of the general ruling on the basis of Article 25 of the Financial Market Supervision Act (FMAG).
As announced, as of today, February 1, 2025, the existing product intervention is no longer based on Art. 27dbis and Annex 7.5 BankO, but remains materially unchanged based on the general ruling attached as a draft to this communication. Individual notification can be dispensed with due to the large number of affected parties domiciled in Switzerland and other EEA countries, which cannot be determined without disproportionate effort.
This content has been translated using a fully automated machine translation tool. Some content may not be accurately translated. More information.