Provision of Warnings in Spain – C248

Following Circular C210 CySEC issues Circular C248 – Requirements of the Spanish Securities and Exchange Commission (‘the CNMV’) regarding the provision of warnings on complex financial instruments to retail clients resided in Spain, expanding on the requirements for mentioned warnings when providing services to clients within the territory of Spain. In summary a CIF must:…

New Marketing Condition in Latvia – C239

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…

New Marketing Condition in Poland – C221

In accordance with Circular 221 – New rules set by the Polish Financial Supervision Authority (the ‘KNF’) regarding persons that are allowed to provide activities in the territory of Poland, CySEC informs Cypriot Investment Firms to adjust their business models to include new specifications when soliciting clients within the territory of Poland, CySEC informs Cypriot Investment Firms to…

New Marketing Conditions in Spain – C210

In accordance with Circular 210 – New requirements of the Spanish Securities and Exchange Commission (the “CNMV”) regarding the provision of warnings on complex financial instruments to retail clients resided in Spain, CySEC informs Cypriot Investment Firms to adjust their business models to include new specifications when soliciting clients within the territory of Spain. In…

New Marketing Conditions in Germany – C208

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…