The National Bank of Belgium published a market notice reporting that the Markets Court has set aside an FSMA decision imposing a EUR 300,000 administrative fine for an alleged delay in disclosing inside information. The court held that the FSMA had failed to demonstrate any infringement of the relevant provisions of the Market Abuse Regulation and Implementing Regulation (EU) 2016/1055. The dispute concerned a Sept. 21, 2022, press release on the effect of monetary policy tightening on the Bank’s future earnings and dividend outlook. The FSMA’s Sanctions Committee had concluded that the information was disclosed nine calendar days late and imposed the fine on Dec. 23, 2025, which the Bank appealed. Trading in the Bank’s shares on Euronext Brussels was suspended at the FSMA’s initiative on Sept. 2, 2026, pending publication of the market notice.
2026-09-03National Bank of Belgium
National Bank of Belgium reports Markets Court decision setting aside EUR 300,000 FSMA fine
The National Bank of Belgium reported that the Markets Court has set aside an FSMA decision imposing a EUR 300,000 fine for an alleged nine-day delay in disclosing inside information. The court found that the FSMA had failed to demonstrate an infringement of the applicable EU market abuse rules.