Jean-Paul SERVAIS Vice Chairman , International Organization of - PowerPoint PPT Presentation

Jean-Paul SERVAIS Vice Chairman , International Organization of Securities Commissions (IOSCO) Chairman, IFRS Foundation Monitoring Board Chairman, Financial Services and Market Authority - Belgium (FSMA) Professor (lecturer) at the ULB (University of Brussels) Madrid, 25 February 2020

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Market Court of Brussels Management Committee Complaints • acknowledges the existence of serious indications FSMA Request for of infringements international • initiates investigation cooperation Investigations Officer • conducts investigation • reports the facts of the case to the parties concerned • reports on the investigation to the Management Committee (final report) Management Committee Refers case to the Sanctions Agrees to Dismisses Committee a settlemen t Information to parties Notification to the public concerned prosecutor’s office if charges may constitute a criminal Sanctions Committee offence • Due hearing of the parties • Management Committee is represented and proposes a sanction fine • Decides on sanction to be imposed and on publication

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