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CSA Multilateral Notice Of Multilateral Instrument 91-102 Prohibition Of Binary Options And Related Companion Policy.pdf

csa_20170927_91-102_binary-options.pdf
Preview of CSA Multilateral Notice of Multilateral Instrument 91-102 Prohibition of Binary Options and Related Companion Policy
🔗 Source: osc.gov.on.ca
📊 Size: 207 KB
👤 Author: Ontario Securities Commission
⬇️ Downloads: 59

Summary

Canadian securities regulatory authorities, excluding British Columbia, are implementing Multilateral Instrument 91-102 Prohibition of Binary Options and Companion Policy 91-102 Prohibition of Binary Options, collectively known as the Binary Options Rule, to protect investors from binary options fraud. The rule prohibits advertising, offering, selling, or trading binary options with a term to maturity of less than 30 days to individuals or companies created solely to trade binary options. Binary options are high-risk products based on a yes/no proposition, where buyers can win a fixed amount or lose nearly all their investment. The authorities have received numerous complaints about binary options fraud, particularly regarding online platforms operating as unregistered dealers, and emphasize that no individuals or firms are registered to sell binary options in Canada. The rule aims to raise awareness among investors and disrupt the distribution of these products.

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Description

Canadian securities regulatory authorities, excluding British Columbia, are implementing Multilateral Instrument 91-102 Prohibition of Binary Options and...

Technical Information

  • File Format: PDF
  • File Size: 207 KB
  • Pages: 15
  • Language: EN
  • Author: Ontario Securities Commission
  • Total Downloads: 59
  • Last Updated: 12 hours ago

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