Great news! MyMicroInvest is the first crowdfunding platform to get approval from the Belgian Financial Services and Markets Authority!
The Financial Services and Markets Authority (FSMA) is the Belgian financial regulatory agency, previously known as the Banking, Finance and Insurance Commission. It was formed on April 1st 2011 to ensure honest and equitable treatment of financial consumers.
The FSMA is responsible for supervising the financial markets and listed companies, authorising and supervising certain categories of financial institutions, overseeing compliance by financial intermediaries with codes of conduct and supervising the marketing of investment products to the general public, etc. The Belgian government has also tasked the FSMA with contributing to the financial education of savers and investors.
In order to get this approval, MyMicroInvest submitted a large dossier of internal rules, with specific documentation. The entire team at MyMicroInvest participated in the process of preparing the file for FSMA to ensure that we meet the conditions prescribed by the Law organising the recognition and the supervision of crowdfunding (learn more).
What does this mean for you?
From now on, MyMicroInvest will have to correctly follow the legal requirements (mentioned in the law organising the recognition and the supervision of crowdfunding) and will now be able to offer tax shelter legally to all of its members.
The FSMA approval proves MyMicroInvest meets all legal requirements (contained in the previously mentioned law) and is a supervised entity that is now completely able to offer tax shelter legally to its members. More importantly, the crowdfunding law ensures that MyMicroInvest shall serve your interests in an honest, equitable and professional manner.
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