FSMA bans five products, targets crypto investments

The Financial Services and Markets Authority (FSMA) analysed 16 structured products with new features in 2022. Of these, five products were seen as ‘particularly complex’ by the regulator as they did not meet the criteria of the moratorium, and thus they were not made available to retail investors, according to the FSMA’s annual report. A year earlier, in 2020, the watchdog had examined 20 structured products of which four were banned. Since the launch of the moratorium in A