The Belgian regulator subjected new and maturing structured products to a thorough analysis and found that the best performing products were often sold prior to their maturity.

The Financial Services and Markets Authority (FSMA) analysed 39 structured products with new features, which were targeted at the Belgian retail investor during 2018, according to its chairman Jean-Paul Servais (pictured) . ‘Of these 16 products were prohibited because they did not meet the criteria of the moratorium and were therefore too complex,’ Servais said. The FSMA moratorium , which was introduced in 2011 by the regulator and was endorsed by almost all providers of structur

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