The Belgium Financial Services and Markets Authority (FSMA) published a newsletter for intermediaries explaining how it applies the “fit and proper” requirement for individuals holding regulated positions, including a concrete example that copying or imitating a client’s signature is unacceptable. The update reiterates that regulated position-holders must have appropriate experience and the requisite professional reliability, and notes that the FSMA retains discretion when assessing whether fitness and propriety requirements are met.
Belgium Financial Services and Markets Authority 2025-09-18
Belgium Financial Services and Markets Authority issues fit and proper reminder to intermediaries and flags client signature imitation as unacceptable
The Belgium Financial Services and Markets Authority (FSMA) issued guidance for intermediaries on the "fit and proper" requirement for regulated positions, emphasizing that copying a client's signature is unacceptable. The FSMA highlights the need for appropriate experience and professional reliability, retaining discretion in assessing compliance with these standards.