The Belgian regulator expects the sector to improve the quality of the key information documents (KIDs) provided to retail investors.

The Financial Services and Markets Authority (FSMA) has analysed a number KIDs intended for Belgian retail investors who are buying structured products or insurance-based investment products. The aim of its research – which was based on a sample of KIDs the regulator received between 1 January 2018 and 28 February 2021 – was to check whether the quality of those documents is sufficient for customers to understand clearly the characteristics of the products they are buying into. As a

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