CNMV and Autocontrol sign a cooperation agreement to promote responsible financial advertising and investor protection
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The CNMV and Autocontrol have signed an agreement to promote responsible, compliant advertising of investment products and services. It recognises the voluntary Copy Advice pre-clearance service and provides for joint training and fraud-prevention actions, including on finfluencers.
Key points
- Autocontrol may provide information relevant to the CNMV's supervisory work.
- Autocontrol will launch a certification for financial influencers.
Who is affected
Firms advertising investment products, agencies and financial content creators.
Plain-language version
The CNMV, Spain's market watchdog, and Autocontrol, the body that reviews advertising, have signed a deal to keep investment ads honest. They will work together against fraud and on finfluencers, the influencers who talk about money and investing. Autocontrol will also create a certificate for them.
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Summary produced with artificial intelligence from the official publication. It may contain errors: always check the original document.
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