The Belgian regulator deemed 12 structured products linked to proprietary indices ‘too complex’ for retail investors in 2020.
The Financial Services and Markets Authority (FSMA) has said that 12 of the analysed 38 structured products with new features during 2020 did not meet the criteria of the moratorium and as such were ‘particularly complex’. As such, these products were not sold in the retail market, according to the FSMA’s annual report. The calculation formula of the products that were prohibited in 2020 was often determined because of so-called proprietary (or house) indices – and in th
Continue reading and get unlimited access for 7 days with a free trial of SRP.
Get a free trialAlready a subscriber? Login