Image credit: feedroll.com Dutch Minister of Finance Jeroen Dijsselbloem stated his intent to ban the advertising of risky fiscal investments similar Binary Options together with contracts for Difference (CFDs) inside the Netherlands, inwards a Parliamentary session on September 16, 2016.
Dijsselbloem volition live collaborating amongst the Netherlands Authority for the Financial Markets (AFM) to arts and crafts the novel legislation.
According to Merel van Vroonhoven, chair of the AFM Executive Board, enticing consumers amongst get-rich-quick schemes should live banned, every bit the likelihood of loss is quite high,
"Advertising for these investments entices consumers amongst the prospect of earning coin fast, only it is truly the illustration that you lot tin easily lose all of the coin you lot bring pose in," said Vroonhoven.
"We visit it real of import to innovate an advertising ban on Binary Options together with other toxic investment products,"
The AFM has fought molar together with blast to continue CFD brokers from entering the Dutch investment marketplace. Last year,
Bas Jongmans of Gaming Legal Attorneys, forced the AFM to lawsuit the start Binary Options license inwards the Netherlands to Optieclub, afterward filing a preliminary injunction amongst the Rotterdam Administrative Court.
Under electrical current rules, unusual trouble concern tin access the Dutch marketplace via a European Passport, however, the AFM is straightaway conducting a farther interrogation into the CFD marketplace inwards the Netherlands.
In their virtually recent
press release, the AFM also states that stricter rules for the manufacture are on the means amongst novel regulations, expected inwards Jan of side past times side year:
“Moreover, novel European regulations (MiFID II) are expected inwards Jan 2018, which volition become inwards possible to impose stricter requirements on high-risk investment products for consumers.”