The Financial Supervisory Authority (FME) Annual Report 2018 is now available in English. The substantial discussion in the Annual Report of the FME for 2018 primarily covers the period from 1 May 2017 until 30 April 2018. The report describes the main tasks of FME and, in particular, tasks of the supervisory divisions: Banking, Insurance and pension, Markets and business conduct and Compliance and inspections. Furthermore, it discusses the situation and developments in the financial market in 2017.
The Financial Supervisory Authority considers the marketing, distribution or sale of CFDs and binary options covered by ESMA‘s measures dated 27 March 2018 to be contrary to proper and sound business procedures and practices in securities trading according to Article 5 of Act No. 108/2007 on Securities Transactions. The measures are based on Article 40 of Regulation (EU) No 600/2014 (MiFIR) in light of the inherent risk and complexity of CFDs and binary options causing significant financial losses for retail investors.