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This Order amends the regulations concerning the Risk Information Centre (Order ECO/697/2004) and the regulation of advertising for banking services and products (Order EHA/1718/2010). It also repeals transitional provision 2 and final provision 2.a) of Order ETD/699/2020. The objective is to update the risk control framework and transparency in the communication of financial products.
For credit institutions, the regulation entails operational changes in risk information management and in the advertising standards for their products. Consumers and users are affected by the updated rules for banking advertising control, which aim to ensure greater transparency in the information received.
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