Professionals

22. Are all entities with a distribution channel that is part of the same group required to participate in the moratorium?

A group that consist of various entities that have a distribution channel in Belgium (bank, insurance, UCI) can, in principle, sign on to the moratorium only if all entities of the group sign on.

If a group consists of several entities that are active under completely different names, the entities in question may nevertheless accede individually, on condition that they do not sell structured products issued by other entities of the group that do not fulfil the criteria of the moratorium and on condition that the individual accession does not cause confusion as regards the position of the group.

A Belgian distributor controlled by a foreign legal person that is also active in Belgium can sign on to the moratorium, even if the foreign legal person which controls it does not sign on.