The Belgian watchdog is targeting credit institutions and insurance distributors that are developing structured products with a memo on product governance.
The Financial Services and Markets Authority (FSMA) has published a reminder of the product governance rules for the offering of structured products in Belgium. The regulator has recently established that high costs were included in the issue price of some structured products offered in Belgium. According to the FSMA, ‘there was room for improvement’ in the product governance for these structured products, especially in the field of managing conflicts of interest, analysis of those
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