AFM: we asked the industry first to come up with solutions

The Authority for the Financial Markets (AFM) has announced new restrictions on the offering of turbos to Dutch retail investors. From 1 October 2021, there will be a leverage limitation, a mandatory risk warning, and a prohibition on bonuses for trading turbos. The measures, which are in line with those already in place for contracts for difference (CfDs), will apply to the offering of all turbos in the Netherlands, regardless of the member state in which the issuer is located. We have a res