margin close-out protection
Defined in Article 1, European Securities and Markets Authority Decision (EU) 2019/155
Definitions over time (1)
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01/02/2019 – today applies on 09/11/2026 Article 1, European Securities and Markets Authority Decision (EU) 2019/155 Scope: Whole act
‘margin close-out protection’ means the closure of one or more of a retail client's open CFDs on terms most favourable to the client in accordance with Articles 24 and 27 of Directive 2014/65/EU when the sum of funds in the CFD trading account and the unrealised net profits of all open CFDs connected to that account falls to less than half of the total initial margin protection for all those open CFDs;