FSMA consultation reveals disparity over structured product complexity in Belgium

Participants in the structured products industry in Belgium remain at loggerheads over key points from the Financial Services and Markets Authority moratorium

Debate about product complexity rages in Belgium

Responses to calls for comments by Belgium's Financial Services and Markets Authority (FSMA) in a survey of 36 investors, trade associations and product creators and distributors have revealed differing views over which underlyings should be accessible to retail investors, and whether capital-protected products should be classed alongside riskier products.

The responses from the consultation, published on July 10, show that consumers appear to have largely aligned themselves with the FSMA in

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