Belgian Financial and Insurance Markets Regulation 

Belgian financial and insurance markets are supervised by two national competent authorities. 

Financial Services and Markets Authority

The FSMA, alongside the National Bank of Belgium (NBB), supervises the Belgian financial sector. The FSMA’s competences fall within the following six domains:surveillance of the financial markets and supervision of the financial information disseminated by companies; supervision of compliance with conduct of business rules; product supervision; supervision of financial service providers and intermediaries; supervision of supplementary pensions, and contribution to improving financial education.

For more information: https://www.fsma.be/en

National Bank of Belgium

The National Bank of Belgium is responsible for the oversight of individual financial institutions (microprudential supervision) and for macroprudential supervision. The NBB exercises oversight of payment systems and securities settlements systems, overseeing the proper functioning of these systems and ensuring their efficiency and solidity.

The NBB has been tasked with co-ordinating financial crisis management; for credit institutions, this task is performed within the EU framework for recovery and resolution. The NBB is also tasked with facilitating the sharing of information and analyses relating to risks to financial stability and with creating the appropriate synergies in this respect.

For more information: https://www.nbb.be/en/about-national-bank/tasks-and-activities/financial-oversight

Legislation:

https://www.fsma.be/en/target-groups; https://www.nbb.be/en/financial-oversight/general/news/legislation