The French AMF to fine tune binary options, forex advertising ban, fines will be up to €100 000

Discussion in 'Wall St. News' started by mlawson71, Nov 20, 2016.

  1. mlawson71

    mlawson71

    France’s financial markets regulator AMF must define the types of electronic advertisements and types of investments in forex and CFDs to be encompassed by the advertising ban in France introduced by Article 28 of the Sapin II bill, passed by the country’s National Assembly earlier this month.
    The Article 28 does not provide detailed definitions on the types of advertising and instruments, but according to a French doctor of law, Charlie Bobillier, the new ordinance will be enacted shortly.
    Additionally to the electronic advertising ban, the law prohibits “patronage and sponsorship”, including of sports by providers of the investment services on AMF’s list.