The Polish Financial Authority (KNF) has introduced a new category of investor called an experienced retail client. The polish watchdog has also increased the level of leverage up to 100:1 for selected instruments. LeapRate reminds that just a few days ago the European Securities and Markets Authority (ESMA) has issued four opinions on product intervention measures taken by the National Competent Authorities (NCAs) of Germany, Hungary, Malta and Poland. ESMA’s opinion on the proposed measures by the KNF qualifies this conclusion in relation to the lower margin requirements in comparison to ESMA’s measures for a ... (full story)