Regulatory Alerts2018-02-28
Decree No. 58 of 28.02.2018 on Requirements for the Protection of Clients' Financial Instruments and Funds, Product Governance, and Remuneration
The Financial Supervision Commission issued Decree No. 58 to mandate strict safeguarding of client assets, enforce product governance standards for financial instruments, and regulate the provision of inducements. The regulation requires investment intermediaries to maintain segregated accounts, conduct rigorous due diligence on custodians, and implement robust internal controls to prevent conflicts of interest and asset misuse. It further establishes detailed procedures for product creation, distribution, and the management of financial collateral agreements to ensure market stability and client protection.
Share