News & Warnings

Moratorium on the distribution of particularly complex structured products

News article
04/07/2011

The Financial Services and Markets Authority (FSMA) calls upon the financial sector not to distribute to individual investors structured products that are considered particularly complex. Distributors that sign on to the moratorium commit themselves not to distribute structured products that do not fulfil the criteria that have been established. Distributors who participate in the moratorium will be placed on a list kept by the FSMA. The voluntary moratorium remains in force until new rules on the distribution of structured products to retail investors have been drawn up. This voluntary moratorium is a first step in a process that is intended to lead to a more transparent and simpler product range. In what follows, we provide additional information in the form of Frequently Asked Questions.

Further information can be found in the following: 

Accession by financial institutions

Accession by intermediairies (from 15 September 2011):

On 15 October 2011, the consultation on the introduction of a regulatory framework for the distribution of structured products to retail investors was concluded. 

The feedback statement can be found here.

Questions on the moratorium: pro@fsma.be