Insurance banking

The Belgian Financial Services and Markets Authority adds crowdfunding to its communication on public offers that are exempted from the prospectus obligation

9 November 2016

On 27 October 2016, the Belgian Financial Services and Markets Authority (FSMA) released its amended communication on public offers that are exempted from the obligation to publish a prospectus. Providers who wish to publicly offer a crowdfunding type of investment can also benefit from the statutory prospectus exemption. Statutory prospectus exemption for crowdfunding The applicable

Packaged retail investment products: European Parliament returns draft law to Commission

14 September 2016

Earlier this week, the European Parliament’s Economic and Monetary Committee (ECON) had already unanimously rejected the European Commission’s investor protection proposals for consumers who buy packaged retail and insurance-based investment products (PRIIPs). The draft legislation consisted of regulatory technical standards (RTS) that accompany the PRIIPs Regulation[1] and were developed by the Commission to provide greater

PRIIPS: Investor protection proposals have been unanimously rejected by ECON

13 September 2016

On 1 September 2016, the European Parliament’s Economic and Monetary Committee (ECON) unanimously rejected the European Commission’s investor protection proposals. The Commission’s proposal The European Commission had set out regulatory technical standards (RTS) to provide greater protection to consumers who are interested in investing in packaged retail and insurance-based investment products (PRIIPs). The RTS are