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The regulator considers to adopt this measure as the significant investor protection concerns relating to this product are due to inherent features of the product that are unlikely to be sufficiently addressed through certain restrictions on the product (such as minimum duration contract periods).

The Financial Supervisory Authority of Norway (Finanstilsynet) proposes that marketing, selling and distribution of binary options to non-professional customers in Norway or from Norway is prohibited.

The watchdog emphasizes that it has, on several occasions, investigated foreign providers of binary options that have targeted Norwegian investors without a necessary license.