FSMA Flagged Brokers
Financial Services and Markets Authority (FSMA)
The FSMA’s status is that of an autonomous public institution. This means that it was established by law and that it carries out independently the tasks in the general interest entrusted to it by Parliament. The members of the FSMA’s governing bodies are appointed by Royal Decree for a period of six years.
The FSMA, alongside the National Bank of Belgium (NBB), supervises the Belgian financial sector. The FSMA’s competences fall within the following six domains:
- surveillance of the financial markets and supervision of the financial information disseminated by companies,
- supervision of compliance with conduct of business rules,
- product supervision,
- supervision of financial service providers and intermediaries,
- supervision of supplementary pensions, and
- contribution to improving financial education.
Stay Away from Unregulated Brokers
The Financial Services and Markets Authority (FSMA) has, on several occasions, warned the public against the activities of various companies that are operating unlawfully in Belgium.
The list includes:
- companies that offer, in or from Belgium, financial services and products without complying with Belgian financial legislation (no authorization / failure to publish a prospectus / etc.);
- companies about which, in addition to any infringements of the financial legislation and regulations the FSMA supervises, the latter has identified serious evidence of investment fraud;
Brokers flagged by Financial Services and Markets Authority (FSMA)
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