What does the central register of disciplinary sanctions and professional bans contain ?

Disciplinary sanctions  imposed by the FSMA under this disciplinary regime will be recorded in a central register. This register will include the identity of the banking service provider sanctioned, the type of sanction imposed and the day on which it was pronounced. 

The central register will also mention any professional ban imposed by the FSMA, the NBB or the ECB under the laws and regulations applicable to credit institutions, brokerage firms and portfolio management and investment advice companies. 

The FSMA will then act as a single point of contact. 

Each candidate for a position of banking service provider may ask the FSMA for a a certificate confirming that he or she is not subject to any of the aforementioned professional bans. The candidate must provide this certificate to any Entity before he or she can carry out the activities of a banking service provider.