Category: Regulations

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 Asit Biotech, ISIN BE0974289218, on Euronext Brussels is suspended on the request of the company from 04/10/2019 at 12:20 CET until the publication of a press release. Source: […]

In recent months, the FSMA has continued to receive new complaints from consumers who have responded to fraudulent offers of investment in cryptocurrencies. Cryptocurrency fraud continues to make victims in Belgium. Hence, the FSMA repeats its warning against such fraudulent practices and more specifically against the activities of ABESIX. The Belgian company ABESIX is allegedly […]

The Financial Services and Markets Authority (FSMA) warns the public against the fraudulent activities of Snel Krediet, a company that is offering credit illegally to consumers. Snel Krediet is not authorized or registered in Belgium as a lender or credit intermediary. Therefore, Snel Krediet may not offer credit in Belgium. According to the information available […]

On 11 February 2022, a special administration order was made by the Court in relation to Xpress Money Services Limited (Xpress) under the Payment and Electronic Money Institution Insolvency Regulations 2021. David Hudson and Philip Reynolds of FRP Advisory have been appointed as joint special administrators. Special administration is intended to facilitate the return of […]

The Financial Conduct Authority (FCA) has stopped AJH Financial Services Limited, a firm that advised on transfers from the British Steel Pension Scheme (BSPS), disposing of assets without FCA permission. The FCA expects to consult on a redress scheme for former members of the British Steel Pension Scheme in March 2022. In December 2021, we […]

The Bank of England (BoE), the Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA) and the Payment Systems Regulator (PSR) have a Memorandum of Understanding (MoU) that sets out the high-level framework the Authorities use to cooperate with one another, in relation to payment systems in the UK. The Financial Services (Banking Reform Act) […]

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 Fagron, ISIN BE0003874915, on Euronext Brussels will re-open on 14/10/2019 at 09:00 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 Fagron, ISIN BE0003874915, on Euronext Brussels is suspended on the request of the company from 11/10/2019 at 13.25 CET until the publication of a press release.   Source: […]

The FSMA warns consumers against spam messages containing fraudulent credit offers. What is spam? Spam is the collective name for unwanted messages and advertisements. Cybercriminals use this technique to obtain personal information from consumers (phishing) or to swindle them. Fighting spam is extremely difficult as spam messages are often sent from untraceable or short-lived email […]

The Financial Services and Markets Authority (FSMA) warns the public against the activities of Kuvera Global LLC (Kuvera), which irregularly offers investment services in Belgium. Kuvera, via the website www.kuveraglobal.com, offers Belgian consumers tools and trainings that are supposed to help them trade in forex products, virtual currencies and equity. Via these tools the users […]