Latest Market News

Feb 03
Aussie billionaire sues Facebook over crypto scams with AG's consent

Australian billionaire Andrew “Twiggy” Forrest is taking Facebook to court over scammy cryptocurrency ads that he alleges used his name to defraud victims. The Fortescue Metals chairman is accusing Facebook of breaching Australia’s money-laundering laws, claiming that it “knowingly profits from this cycle of illegal ads” that it failed to remove. An initial court hearing […]

Feb 03
U.S. oil futures end slightly higher after OPEC+ stands pat on plans to boost output

U.S. oil futures saw a slight gain on Wednesday, enough to eke out another settlement at the highest since October 2014. Prices had spent much of the session trading lower after Organization of the Petroleum Exporting Countries and their allies agreed to a 400,000 barrel-per-day production increase for March. OPEC+ still “believes the global demand […]

Feb 03
Transposition of the Shareholders’ Rights Directive

Communication FSMA_2020_07 (available in French – Dutch only) draws the attention of IORPs to several new legal obligations under the Law of 28 April 2020 transposing Directive (EU) 2017/828 of the European Parliament and of the Council of 17 May 2017 amending Directive 2007/36/EC as regards the encouragement of long-term shareholder engagement, and containing miscellaneous provisions […]

Feb 03
Opinion on the burden of proof in insurance contracts

The Opinion of 20 September 2018 on the burden of proof in insurance contracts has been modified following a recent judgment of the Court of Justice of the European Union. The amended Opinion has been published on the FSMA website (only available in French and Dutch). Source: FSMA

Feb 03
Newsletter: Ancillary insurance intermediaries – Key points and clarifications on certain concepts

This newsitem is not available in English. Please consult the French or Dutch page. Source: FSMA

Feb 03
Press release on the reopening of trading in Atenor

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 Atenor, ISIN BE0003837540 on Euronext Brussels will re-open on 29-06-2020 at 09:00 CET. Source: FSMA