Belgium stock market regulator

Belgium stock market regulator

By: Polansk Date: 03.07.2017

The Financial Services and Markets Authority FSMA Dutch: As a supervisory authority, the FSMA strives to ensure the honest and equitable treatment of financial consumers. It aims at the fair and orderly operation and the transparency of the financial markets by ensuring that listed companies provide correct and complete information.

It promotes proper provision of financial services by verifying that financial institutions comply with rules of conduct, by supervising financial products, financial service providers and supplementary pensions,and by contributing to improving the education of financial consumers. In this way the FSMA seeks to ensure that the financial system deserves the trust of its users.

The FSMA is, since 1 April , the successor of the Banking, Finance and Insurance Commission CBFA. Its full name is the Financial Services and Markets Authority FSMA.

This means that it was established by law and that it carries out tasks in the general interest entrusted to it by Parliament. The FSMA staff have the status of private sector employees. The FSMA, alongside the National Bank of Belgium NBB , supervises the Belgian financial sector. The FSMA is responsible for the supervision of the financial markets and listed companies.

belgium stock market regulator

This means among other things that the FSMA monitors the provision of information by companies listed on the stock market. The FSMA verifies that the company information is complete, gives a faithful image and is made available in a timely manner. In addition, the FSMA ensures that all shareholders of a listed company are treated fairly. Moreover, it ensures the smooth functioning of the financial markets by supervising market infrastructures such as Euronext Brussels.

Supervision of financial products is intended to ensure that the products offered to consumers are comprehensible and useful.

It should also give consumers a better overview of the costs relating to the products. The FSMA takes initiatives to make financial products simpler and more comprehensible. All financial products offered to consumers come under the supervision of the FSMA. Product supervision is exercised in two ways: The FSMA sees to it that financial institutions comply with the rules of conduct.

These rules must ensure that the institutions treat their clients fairly, equitably and professionally.

Regulatory authorities and supervisory agencies

The rules apply to all financial institutions that offer products in Belgium, including banks, insurance companies and stockbroking firms that are required to obtain an authorization from the National Bank of Belgium. Financial institutions must have an appropriate organization and the requisite procedures in place to be able to guarantee that consumers of financial services and products are treated with due care and attention.

Belgium Financial Markets - cyzopuk.web.fc2.com

The FSMA is responsible for supervising a wide range of financial service providers who are in direct contact with clients:. In due course, a decision will be taken on whether the FSMA should also be responsible for supervising financial planners, intermediaries that offer mortgage loans and institutions that provide consumer credit. The FSMA is tasked with contributing to better financial education of savers and investors.

Since the reform of the structure of financial supervision, it has gained additional competences in this area. Improved financial knowledge will enable individual savers, insured persons, shareholders and investors to be in a better position in their relationships with their financial institutions. As a result, they will be less likely to purchase products that are not suited to their profile.

The FSMA is responsible for supervising supplementary pensions that employees and the self-employed build up through their professional activities so-called second-pillar pensions. The FSMA supervises compliance with the social legislation relating to second-pillar pensions, and also oversees the financial health of institutions for occupational retirement provision, which manage supplementary pension plans.

Having explained the FSMA's tasks in detail above.

In details shareholders are required to notify their holdings to the FSMA when their stake exceeds or falls below certain thresholds. Issuers having shares admitted to trading on a regulated market, for which Belgium is the home member state can stipulate additional notification thresholds , on the basis of article 18 of the law of 2 May The FSMA is a member of the European Securities and Markets Authority ESMA and of the European Insurance and Occupational Pensions Authority EIOPA.

The FSMA also takes part in the work of the European Systemic Risk Board ESRB , chaired by the president of the European Central Bank. In addition, the FSMA is represented on the international bodies that coordinate supervision, such as the International Organization of Securities Commissions IOSCO and the International Organization of Pension Supervisors IOPS.

Regulatory Bodies | Euronext

Finally, the FSMA has signed numerous bilateral and multilateral collaboration agreements with fellow supervisory authorities. The FSMA also sits on a number of supervisory colleges that coordinate the supervision of market infrastructures. From Wikipedia, the free encyclopedia.

Banking, Finance and Insurance Commission Belgium. Servais, Jean-Paul [1] , Chairman. Retrieved from " https: Financial regulatory authorities Government agencies of Belgium. Wikipedia articles with possible conflicts of interest from August Articles containing Dutch-language text Articles containing French-language text. Navigation menu Personal tools Not logged in Talk Contributions Create account Log in. Views Read Edit View history. Navigation Main page Contents Featured content Current events Random article Donate to Wikipedia Wikipedia store.

Interaction Help About Wikipedia Community portal Recent changes Contact page. Tools What links here Related changes Upload file Special pages Permanent link Page information Wikidata item Cite this page. This page was last edited on 14 February , at Text is available under the Creative Commons Attribution-ShareAlike License ; additional terms may apply.

List of financial regulatory authorities by country - Wikipedia

By using this site, you agree to the Terms of Use and Privacy Policy. Privacy policy About Wikipedia Disclaimers Contact Wikipedia Developers Cookie statement Mobile view.

belgium stock market regulator

A major contributor to this article appears to have a close connection with its subject. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. Please discuss further on the talk page. August Learn how and when to remove this template message.

Rating 4,8 stars - 955 reviews
inserted by FC2 system