Regulatory Alerts2023-10-12 | C602Added · Updated
CySEC Circular C602: CNMV Product Intervention Measures for CFDs and Leveraged Products in Spain
The Cyprus Securities and Exchange Commission (CySEC) issued Circular C602 to alert Cyprus Investment Firms about the Spanish Securities and Exchange Commission's (CNMV) Resolution on product intervention measures for CFDs and leveraged products. The CNMV measures prohibit the advertisement of these instruments to retail investors in Spain and restrict specific remuneration policies and sales techniques. CySEC urges all relevant firms to comply with these requirements, which apply to all marketing and distribution activities targeting Spanish retail investors regardless of the firm's establishment status.
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