Newsletter: The FSMA’s operating expenses: your contribution is important to ensure an honest and reliable sector

In its May 2023 Newsletter, the FSMA emphasized that contributions to the operating costs of the FSMA are important for maintaining an honest and reliable financial sector.
Indeed, the FSMA is responsible for ensuring that only individuals with sufficient professional knowledge and ethical conduct have access to the financial industry. They intervene when intermediaries or lenders fail to comply with the applicable rules. The FSMA’s control contributes to an honest and transparent sector, benefiting both consumers and regulated businesses.
Intermediaries, lenders, and regulated companies engaged in direct distribution will receive an invitation to contribute to the FSMA’s operating costs. This invitation is sent to all intermediaries and is a legal requirement for maintaining their registration.
In 2023, intermediaries previously registered under a central organization will receive their own individual payment invitations due to legislative changes. The invitations for the 2023 exercise will be available in the CABRIO application, marking a shift towards digitalization, security, and environmental sustainability.
The contributions to the operating costs are calculated based on the status of the registration dossier as of January 1st of each year. Any changes made after this date do not affect the calculation. The contributions for 2023 are determined by the dossier status on 1 January 2023. Each intermediary will receive separate payment invitations for each registration they hold. It is essential to keep the registration dossier up to date, including the professional email address, as it is the official means of communication from the FSMA.
Failure to pay or late payment of the contribution can result in administrative measures, including the removal of registration or accreditation. The FSMA emphasizes the importance of timely payment to fulfill its legal control mission.
Please consult the online FAQ of the FSMA for intermediaries (only in French) concerning the annual due contribution to the FSMA’s operating costs.