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The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today issued an opinion on product intervention measures communicated by The Netherlands Authority for the Financial Markets (AFM).
These measures concern turbos which are high-risk leveraged products with which investors speculate that the prices of the underlying asset, such as a share, an index or a currency, will rise or fall. ESMA’s opinion concludes that the proposed measures are justified and proportionate.
You can consult the documente in the following link:
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