Investor Protection

What is the right to terminate unlawful contracts?

La versione italiana di questa pagina è in preparazione. Fino ad allora il testo è mostrato in inglese.

If a financial company concluded a contract in violation of the suitability or appropriateness principle, the duty to explain, the prohibition on unfair business practices or the prohibition on unfair solicitation, the consumer may demand termination of that contract.

The financial company must notify the consumer within 10 days of the demand whether it accepts, and if it refuses, it must also give the reasons. If it refuses without a justifiable reason, the consumer may terminate the contract, and in this case the company may not demand termination-related fees or penalties.

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This answer is general financial information as of 14/10/2026, not investment advice. Rules and tax rates change, so please also check the latest guidance from the source institution.