Portugal’s securities market regulator, the CMVM, has warned that Onencore and BCG are not authorized to operate as financial intermediaries within the country. The CMVM stated that neither entity is licensed to intermediate financial products or solicit clients in Portugal. This means they cannot legally offer investment services or actively seek new customers. The regulator’s announcement aims to protect Portuguese investors from potentially unauthorized financial activities. It clarifies that both Onencore and BCG are currently prohibited from engaging in these specific financial practices within Portuguese jurisdiction. The CMVM did not specify the reason for the prohibition, only confirming the lack of necessary licensing. Further details regarding potential violations or investigations were not immediately available.