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<p>The government has not made an assessment. The government has legislated to transfer
responsibility for the regulation of binary options from the Gambling Commission to
the Financial Conduct Authority from 3 January 2018. The FCA recently warned investors
about the risks of investing in binary options. The European Securities and Markets
Authority have recently announced that they are considering measures to prohibit the
marketing, distribution or sale of binary options to retail clients in the EU to address
the significant risks to investors associated with this product. As the independent
regulator, the FCA have indicated that they are supportive of ESMA’s proposals.</p>
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