Regulatory Alerts2002-08-02
Article 10 of the Law of 2 August 2002 on the Supervision of the Financial Sector and on Financial Services
The Belgian King, acting on the recommendation of the Financial Services and Markets Authority (FSMA), establishes detailed obligations for issuers regarding the disclosure of periodic and immediate information to the public. The text defines the scope of issuers subject to these rules based on their home Member State status and specifies language requirements for disclosures depending on whether securities are traded on a Belgian regulated market. Furthermore, it grants the FSMA supervisory powers to enforce compliance, including the ability to publish defaulting issuers' information, and mandates notifications to the FSMA regarding bankruptcy or judicial reorganization proceedings.
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