The moratorium on the distribution of particularly complex structured products, which was first introduced in 2011 by the Financial Services and Markets Authority (FSMA), continues to be particularly valuable, said the Belgian regulator in its annual report for 2014. The moratorium contributes to the simplification of the structured products on offer in the Belgian retail market by banning overly complex products, said Jean-Paul Servais (pictured) , chairman of the FSMA at the launch of the rep