In accordance with Circular 239 – Financial and Capital Market Commission of Latvia (the “FCMC”) – Law on the Financial Instruments Market regarding the natural and legal persons that are allowed to provide/ perform investment services/ activities in the Republic of Latvia, CySEC informs Cypriot Investment Firms to adjust their business models to include new specifications when soliciting clients within the territory of Latvia. In summary, a foreign investment firm must engage clients through an approved by FCMC, branch or tied agent and all marketing material provided must clear, fair, not misleading, identifiable as such.
New Marketing Condition in Latvia – C239
October 4, 2017
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