Structured products (Moratorium)

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.

Questions on the moratorium:

Further information can be found in the following: 

Accession by financial institutions

Accession by intermediaries (from 15 September 2011):


Circulars, communications and handbook
Opinion of the FSMA
Questions and answers (FAQ)
Technical questions relating to the provisions of the moratorium