Belgium: fewer product bans as moratorium lowers complexity

The Financial Services and Markets Authority (FSMA) analysed 35 structured products with new features during 2019. Of these, 10 products did not meet the criteria of the moratorium and were deemed ‘particularly complex’ by the regulator. As such, these products were not sold in the retail market, according to the FSMA’s annual report. The number of products banned (10) is the lowest since the introduction of the moratorium in 2011. In 2018, 20 products were prohibited for sale