Events listed in [FSMA] Financial Services and Markets Authority
Newsletter: 2023 reporting on continuing professional education
ID 26510
The FSMA published a newsletter, aimed at financial intermediaries and credit providers concerning the 2023 reporting on continuing professional education. In this context, the FSMA had previously simplified procedures for the 2022 reporting, introducing a declaration of honor. Building on this, the administrative simplification for reporting on recycling obligations in 2023 goes a step further. Notably, the need for document uploads in the Cabrio ...
Sustainability: The FSMA has published a Communication to help listed companies get ...
ID 25981
The FSMA published Communication FSMA_2023_26, offering an in-depth overview of the expanded information obligations imposed on listed companies in the realm of sustainability, as derived from the CSRD. The primary focus is on the transposition of the European provisions on sustainable finance into Belgian law, specifically highlighting the gradual implementation of **new disclosure requirements for listed companies, set to commence from the 2024 financial ...
Launch of a DORA awareness survey
ID 25772
The FSMA launched an Awareness Survey concerning DORA, which became effective on 16 January 2023. The regulatory obligations imposed by DORA will be applicable from 17 January 2025. DORA aims to establish uniform requirements regarding the security of networks and information systems supporting the operational processes of financial entities. Its primary objective is to enhance the management of ICT risks, thereby increasing resilience against ...
Updated FAQs on the entry into force of the Delegated Regulation supplementing the ...
ID 25770
On 13 November 2023, the FSMA published an update to the FAQs on the entry into force of the SFDR RTS, which supplements the SFDR with regulatory technical standards (see event id=19366). These FAQs, applicable to Belgian law-governed companies offering UCI management services, address SFDR RTS requirements. Initially published on 24 January 2023, the FAQs focus on UCITS management firms, self-managed UCITS, and AIF ...
New Communication with FAQs about UCITS
ID 25488
The document FSMA_2023_25 provides a new set of FAQs aimed at assisting UCITS and their management companies in implementing relevant legal provisions. This includes the Law of 3 August 2012 on collective investment entities fulfilling conditions of Directive 2009/65/EC and investment undertakings in receivables, along with its implementing provisions. The scope of these Q&A encompasses both Belgian and foreign UCITS. Belgian public AIFs with ...
Outsourcing handbook
ID 25364
The Outsourcing handbook (FSMA_2023_24) provides practical guidance on outsourcing for SGPCIs and SGs of any function. It emphasizes that while outsourcing can bring expertise and cost efficiencies, it does not diminish the responsibility of the firm’s management to adhere to sound governance principles. The FSMA oversees the adequacy of the organization to ensure compliance with applicable laws, including outsourced activities. The guidelines stress the ...
Guidelines on policies and controls for the effective management of ML/TF risks ...
ID 25116
By issuing FSMA_2023_20, the FSMA has decided to implement the EBA Guidelines on policies and controls for managing ML/TF risks when providing access to financial services (EBA/GL/2023/04), which were issued on 31 March 2023. These guidelines address the issue of ‚de-risking,‘ which pertains to the denial of financial services to specific customer groups due to heightened ML/TF risks. According to the guidelines, **a customer ...
FSMA press release regarding Binance
ID 24744
The FSMA has issued a press release regarding Binance’s recent decision. Binance has chosen to discontinue its services from a non-EEA country to its Belgian clients, offering them the option of transitioning to Binance Poland in compliance with Belgian law. The **FSMA has emphasized that client transfers to Binance Poland should be conducted through individual agreements with each client. For clients who decline this ...
Publication by ESMA of a statement relating to sustainability disclosures in ...
ID 24413
The FSMA informs about the statement by ESMA concerning sustainability disclosures in prospectuses (please see event#22064). Although the statement is directed at supervisory authorities, ESMA encourages issuers and their advisors to consider these guidelines while preparing prospectuses, especially regarding sustainability-related information. ESMA’s statement aims to provide clarity on disclosure requirements for sustainability matters in both equity and non-equity pr ...
Newsletter: The FSMA’s operating expenses: the payment requests for intermediaries ...
ID 24048
The FSMA has released a newsletter, infirming about payment invitations for intermediaries for the year 2023 in the CABRIO application. Intermediaries have a 30-day payment period. Payment invitations will now be available exclusively on CABRIO, and paper invitations will no longer be sent by mail. This digital approach enhances security and is more environmentally friendly. To access the payment invitation(s) on CABRIO, **intermediaries must ...