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ARTICLE · 20 JANUARY 2026

What's Up, 2026? – ESMA Says Finfluencers

McDermott Will & Schulte
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As the new year has begun, ESMA just published the Finfluencer factsheet with tips for responsible promotion.

GermanyFinance and Banking
Annabelle Juliette Rau
Annabelle Juliette Rau
Cornelius Hille
Cornelius Hille
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As the new year has begun, ESMA just published the Finfluencer factsheet with tips for responsible promotion.

These are generally:

  • be honest and clear;
  • don't fake or mislead;
  • don't advise;
  • disclose any payments;
  • be responsible and post responsibly.

For further details find the factsheet translated in all EEA languages on ESMA's website here.

This early publication already provides an outlook for 2026 and the upcoming regulator's focus on finfluencers.

It goes along with the informal deal EU lawmakers agreed on the Retail Investment Strategy (RIS) in late December 2025 regarding the protection of retail clients from false or misleading information on financial products (see details in the press release here). It is to be expected that the changes will facilitate the concept of financial literacy and financial education of retail clients. Also, the protection of young recipients of finfluencer content will explicitly be addressed.

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