FSMA consultation reveals disparity over structured product complexity in Belgium

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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 rem

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