The CSSF draws attention to the ESMA statement highlighting the risks arising from the provision of unregulated products and/or services by investment firms published on 25 May 2023.
The CSSF expects investment firms as well as credit institutions providing investment services and activities to take into consideration the impact that potential unregulated activities may have on their business activity as a whole when it comes to risk management systems and policies.
For further information on this statement, please refer to the following link: https://www.esma.europa.eu/press-news/esma-news/esma-highlights-risks-arising-investment-firms-providing-unregulated-products
