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tabling member printed	Alex Sobel
min answer › date of answer	2017-07-11
answer › answer text	%3Cp%3EThe 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%E2%80%99s proposals.%3C/p%3E
min date	2017-12-06
answer › is ministerial correction	false

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registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member constituency

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member constituency

answering member printed

question first answered

answering member


label

tabling member


label

809820

registered interest

date

19/12/2017

answering body

HM Treasury

answering dept id

answering dept short name

Treasury

answering dept sort name

CaTreasury

hansard heading

Gambling

house id

legislature

25259

	pref label	House of Commons

question text

To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential merits of prohibiting the marketing, distribution or sale of binary options to retail clients.

tabling member constituency

Leeds North West

tabling member printed

Alex Sobel

uin

120440

answer

is ministerial correction

date of answer

21/12/2017

answer text

<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>

answering member constituency

North East Cambridgeshire

answering member printed

Stephen Barclay

question first answered

21/12/2017 11:08:05

answering member

4095

	label	Biography information for Steve Barclay

tabling member

4658

	label	Biography information for Alex Sobel