The French financial sector regulator, the AMF, has long tried to clear the country of what are considered risky and predatory financial products. But it needed stronger laws to do that and the passing of the Sapin II bill brings it closer to almost banning binary options trading in the country.
The lawmakers in France voted 308 for and 171 against Sapin II. The regulations contained in the bill will first be published in the national law newspaper before their implementation can start. The AMF is eagerly waiting for the promulgation of the laws to start cleaning up France’s financial sector.