The Portuguese Securities Commission (CMVM) published a communication clarifying the regulatory framework that applies when finfluencers disseminate information or commercial communications relating to financial instruments and financial intermediation activities. The note is intended to support full compliance, including by financial intermediaries that use finfluencers in Portugal. The communication sets out key considerations for financial intermediaries when engaging finfluencers and for finfluencers themselves, with a focus on ensuring that published content aligns with applicable legal requirements, particularly those governing financial intermediation activities. The full document is available in Portuguese.
Portuguese Securities Commission (CMVM) 2025-03-13
Portuguese Securities Commission clarifies compliance expectations for financial intermediaries and finfluencers publishing investment-related content
The Portuguese Securities Commission (CMVM) issued guidance clarifying the regulatory framework for finfluencers disseminating information on financial instruments and intermediation activities. The communication emphasizes compliance with legal requirements for both financial intermediaries and finfluencers in Portugal.