Regulatory Alerts2014-11-13
FSMA Communication on Distributing Alternative Investments in Movable or Immovable Goods
The Belgian Financial Services and Markets Authority (FSMA) issued this communication to clarify the regulatory obligations for companies distributing alternative investments in movable or immovable goods to retail clients. The document defines these products as investment instruments under the Prospectus Law, requiring the publication of an FSMA-approved prospectus for public offers made within Belgium. It further details the legal classification criteria, including the distinction between traditional and alternative investments, and outlines the resulting information obligations and sanctions for non-compliance.
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