In accordance with Circular 208 – BaFin’s General Administrative Act regarding the restriction of marketing, distribution and sale of financial contracts for difference (CFDs) should they have an additional payments obligation, to retail clients in the territory of Germany, CySEC informs Cypriot Investment Firms to adjust their business models and marketing campaigns to include the new specifications as set by German Federal Financial Supervisory Authority (“BaFin”). To summarized, marketing material provided to retail clients must be clear and include all payment obligations of the client, if additional payment obligations not included in the material are found BaFin may proceed with banning the firm from providing services to the German territory.
New Marketing Conditions in Germany – C208
May 25, 2017
Spread the news!
-
The growing fund industry in Cyprus
May 26, 2022 Article, Legislation -
Entities for sale by CX Financia
May 19, 2022 News -
Funds in Cyprus – The benefits
March 30, 2022 Article, Big Article -
Meet us in Forex Expo 2022
March 21, 2022 News