ESMA has published new Q&A relating to the provision of contracts for difference (CFDs) and other speculative products to retail investors under MiFID. ESMA explains that although CFDs and other speculative products (such as binary options and rolling spot forex) are complex products, they are widely advertised to the retail mass market by a number of firms, often through online platforms. ESMA explains that, while the Q&A refers to MiFID, the principles and requirements underpinning the content of the document will remain unchanged once MiFID II enters into application. It also confirms that the answers do not constitute new policy. ESMA aims to publish further Q&As in the coming months and will also consider whether any further work is needed, in the medium term, in the light of the MiFID II requirements.