After gaining its European investment firm licence, Mintos will introduce a responsible investing requirement for all automated investments alongside the launch of its notes in a regulated environment.
The European lending marketplace said the requirements will be in line with the MiFID II framework, and will enable lenders to invest with automated investments on the platform up to a certain amount, to make sure they do not take on excessive risk.
Mintos said this amount is calculated individually for each investor based on their investment goals and net worth provided in the suitability and appropriateness assessment.
Once investors reach this amount, they will still be able to invest manually. The platform said the amount will always be available in the investors’ account settings under the suitability and appropriateness section.
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“We will also inform all investors via email,” Mintos said in a blog on its website.
“In case the amount seems too high or low, please review your answers to the suitability and appropriateness assessment and make sure your provided information is accurate.
“The new requirement will come into effect together with the launch of the first notes on Mintos. Until then, automated strategies will not stop if investors have reached their calculated investment amounts.
“If you have any questions, please contact us and we’ll be happy to help.”
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