Europejski Urząd Nadzoru Giełd i Papierów Wartościowych (European Securities and Markets Authority - ESMA), Stanowisko ESMA w sprawie ryzyka wynikającego z oferowania nieregulowanych produktów i/lub świadczenia usług przez podmioty inwestycyjne

25 May 2023

ESMA35-36-2813

Statement

ESMA highlights the risks arising from the provision of unregulated products and/or services by investment firms

National Competent Authorities (NCAs) and ESMA have observed investment firms offering products and/or services which are outside the scope of financial services regulation in the European Union but that are offered to investors as investment alternatives to financial instruments (which are defined and regulated under MiFID II ). Examples of such products and services that, in some jurisdictions, fall outside the scope of financial services regulation, include crypto assets , real estate, gold, raw materials, certain non-transferable securities (for example non-transferable loan notes).

Specifically on crypto assets, while the Markets in Crypto-Assets Regulation (MiCA) is close to adoption, crypto assets offered by investment firms will continue to be unregulated in most jurisdictions until MiCA applies. Some Member States have domestic...