Day: February 21, 2022
Swiss bank secrecy laws have protected Credit Suisse from having to disclose whether it was banking criminal activity, which is a far cry from the transparency blockchain technology offers. 5502 Total views 57 Total shares Leaked data shows that until recently, Swiss bank Credit Suisse held accounts valued at more than $100 billion for sanctioned […]
On 19 January 2022 BaFin imposed an administrative fine amounting to 120,000 euros on SLEEPZ AG. The sanction related to a breach of section 115 (1) sentence 1 of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). SLEEPZ AG failed to make its half-yearly financial report for the financial year 2019 publicly available. The company […]
On 10 January 2022, BaFin imposed an administrative fine amounting to 57,000 euros on Syzygy AG. The sanction related to a breach of section 114 (1) sentence 2 of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). Syzygy AG failed to publish an announcement, stating the date and the website on which the accounting documents […]
The Financial Services and Markets Authority (FSMA) hereby announces that the modified market rules of the regulated markets organized by Euronext NV/SA (namely Euronext Brussels and the Euronext Brussels Derivative Instruments Market) were approved on 12 March 2019 in accordance with Article 34, § 1, of the Law of 21 November 2017 on the market infrastructures […]
The Financial Services and Markets Authority (FSMA) warns the public against the fraudulent activities of Finesco Limited, a company that is offering credit illegally to consumers. Finesco Limited is not authorized or registered in Belgium as a lender or credit intermediary. Therefore, Finesco Limited may not offer credit in Belgium. According to the information available […]
The European Insurance Distribution Directive, known as the IDD, has been transposed into Belgian law. The FSMA recently published a Newsletter covering the most important changes to the conditions for exercising the profession of insurance intermediary. In addition to the existing categories of broker, agent and subagent, the law transposing the IDD introduces a new […]
The chairman of the Financial Services and Markets Authority (FSMA), Jean-Paul Servais, has been re-elected as chair of the IFRS (International Financial Reporting Standards) Foundation Monitoring Board for a new mandate of two years. The Monitoring Board was created in 2009 with the aim of overseeing the IFRS Foundation, whose Trustees in turn exercise oversight […]
The FSMA has published an opinion (available in French or Dutch only) on the settlement of defined contribution pension commitments in the form of annuity income. Source: FSMA
ANNOUNCEMENT BY THE FINANCIAL SERVICES AND MARKETS AUTHORITY, PUBLISHED IN APPLICATION OF ARTICLE 78 OF THE LAW OF 21 NOVEMBER 2017 Trading in the financial instruments of Immo Genk Logistics, ISIN BE0003740546, on Euronext Brussels will re-open on 8/03/2019 at 11:30 CET. Source: FSMA
ANNOUNCEMENT BY THE FINANCIAL SERVICES AND MARKETS AUTHORITY, PUBLISHED IN APPLICATION OF ARTICLE 78 OF THE LAW OF 21 NOVEMBER 2017 Trading in the financial instruments of Immo Genk Logistics, ISIN BE0003740546, on Euronext Brussels is suspended on the request of the issuer from 6/03/2019 at 16:00 (second auction) CET until the publication of a […]
