March 2021 Regulatory Updates

March 31st 2021

The AMF and the ACPR warn the public against the activities of several entities offering in France investments in Forex and in crypto-assets derivatives without being authorized to do so

Warning Savings protection Forex and binary options Warning The AMF and the ACPR warn the public against the activities of several entities offering in France investments in Forex and in crypto-assets derivatives without being authorized to do so

Why this matters

This regulatory update warns the public against unauthorized entities offering investments in Forex and crypto-asset derivatives in France, which impacts banking, investment management, and crypto firms. It is a high urgency issue related to consumer protection and licensing requirements.

Sectors:

Topics:

Consumer Protection / Conduct Authorisation & Licensing

BankBroker DealerCrypto Exchange

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🇫🇷 AMF Warning

March 30th 2021

The AMF is warning the public against several companies proposing atypical investments without being authorized to do so

Warning Savings protection Miscellaneous assets Atypical products Warning The AMF is warning the public against several companies proposing atypical investments without being authorized to do so

Why this matters

This warning from the AMF relates to unauthorized firms offering atypical investments, which poses risks to consumers and requires regulatory action.

Sectors:

Investment Management Wealth & Private Banking Capital Markets & Trading

Topics:

Consumer Protection / Conduct Authorisation & Licensing

Asset ManagerWealth ManagerBroker Dealer

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🇬🇧 FCA Warning

March 19th 2021

BLX Invest (updated)

UnauthorizedWe believe this firm has been providing financial services or products in the UK without our authorisation. Find out why to be especially wary of dealing with this unauthorised firm and how to protect yourself from scammers. Almost all firms and individuals offering, promoting or selling financial services…

Why this matters

This is a standard FCA consumer warning against an unauthorised investment firm (BLX Invest) operating without proper authorisation. The content is informational and protective in nature, advising consumers to verify firm authorisation and avoid scams.

Sectors:

Investment Management

Topics:

Authorisation & Licensing Consumer Protection / Conduct

All Firms

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🇫🇷 AMF Warning

March 4th 2021

The AMF, AFG, ASPIM, France Invest, Anacofi, Cie CIF, CNCGP and CNCIF warn the public against an upsurge in the theft of names of authorised market players

Warning Savings protection Warning Financial Scams The AMF, AFG, ASPIM, France Invest, Anacofi, Cie CIF, CNCGP and CNCIF warn the public against an upsurge in the theft of names of authorised market players

Why this matters

This regulatory update warns the public about an increase in the theft of names of authorized market players, which poses a significant risk of financial scams and fraud targeting consumers.

Sectors:

Banking & Credit Investment Management Wealth & Private Banking

Topics:

AML / Financial Crime Consumer Protection / Conduct Authorisation & Licensing

Asset ManagerWealth ManagerBank

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