Marketing In The Financial Sector In Monaco

The new Act 1.529 of 29 July 2022, resulting from Bill 1.049 and published on 12 August 2022, containing various economic and legal provisions, amends the provisions relating to solicited and unsolicited approaches by authorized / unauthorized companies to offer financial services, instruments, or products  (the "Law"). It makes significant changes to Article 29 of Law 1.338 of 7 September 2007 on financial activities, as amended, and creates two new articles (29-1 and 29-2).

The new provisions on direct marketing make a clearer distinction between the regime applicable to non-authorised players in Monaco and the regime applicable to authorised companies.

Non-authorised players in Monaco under Law n°1.338