Belgian Financial Institution Internal Controls Receive Close Scrutiny from Regulatory Authority

The Financial Services and Markets Authority (FSMA) has announced its rigorous oversight of financial markets and quoted companies to ensure a high level of integrity is maintained throughout the industry. As part of its mandate, the FSMA approves and closely examines various categories of financial institutions to guarantee their compliance with regulatory requirements.

Supervisory Role

In addition to its supervisory role, the FSMA ensures that financial intermediaries adhere to strict rules of conduct, protecting investors and savers from potential harm. The authority’s scope extends to:

• Marketing of Investment Products: where it exercises a watchful eye to prevent fraudulent or misleading practices.
• Investor Protection: ensuring that financial institutions operate in a transparent and responsible manner.

Promoting Financial Education

Furthermore, the FSMA plays a crucial role in promoting financial education among investors and savers, providing them with the knowledge and tools necessary to make informed decisions in the complex world of finance. This includes:

• Financial Literacy: empowering individuals to make informed investment choices.
• Investor Protection: educating consumers on how to identify and avoid potential scams.

Commitment to a Stable Financial System

As the country’s premier regulatory authority, the FSMA is committed to maintaining a stable and transparent financial system, where institutions operate with transparency and accountability. By closely scrutinizing internal controls of Belgian financial institutions, the FSMA ensures that the industry operates in a fair and trustworthy manner.