Regulatory Alerts2019-02-21
Provision of Investment Services in Belgium on a Cross-Border Basis by Foreign Investment Firms
The Belgian Financial Services and Markets Authority (FSMA) requires non-EEA and exempted EEA investment firms to submit a prior notification using a specific form before providing investment services in Belgium under the freedom to provide services. These firms must restrict their activities to eligible counterparties and professional clients, ensure home state supervision equivalence, and comply with reciprocity principles. Any changes to the initial notification details must be reported to the FSMA before implementation, and the authority retains the right to oppose services if conditions are not met.
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