Regulatory Alerts2021-07-22
Added · Updated
ESMA Opinion on Product Intervention Measures relating to Turbos
The Dutch Authority for the Financial Markets (AFM) implements permanent restrictions on the marketing, distribution, or sale of turbos to retail clients in the Netherlands, including a leverage cap and prohibitions on providing prohibited benefits. Licensed Maltese investment firms and credit institutions providing services to Dutch retail clients must apply these restrictive measures from 7 August 2021 onwards. The MFSA expects licensed entities to verify if turbos are part of their offerings and to enforce the AFM's national measures for affected clients.
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