What disciplinary sanctions can be imposed on banking service providers?

The following disciplinary sanctions may be imposed if a banking service provider infringes an individual rule of conduct of fials to take the banker's oath:

1. a warning
2. a reprimand
3. a professional ban of up to 3 years.

A warning and a reprimand may be accompanied by an obligation to follow training courses.

A professional ban may apply to all the activities of a banking service provider, or only to some of them. It may, for example, be limited to activities as manager responsible. The banking service provider must inform the entity for which he or she works of any professional ban imposed on him/her. Failing this, the FSMA will itself inform the Entity concerned.

The FSMA publishes anonymously on its website the disciplinary sanctions it imposes. Furthermore, they are recorded in the central register of disciplinary sanctions and professional bans.