{ "node": "be-cm-kg", "door": "https://be.eu-cm-kg.ai", "market": "be", "jurisdiction_namespace": "be-eco-10060", "chapter": "be.chapter.v11", "source": "Book of Markets mirror (allooloocmkgapex/book), read at request time", "kind": "book-section", "family": "ECO", "version": "be.eco.v3", "supersedes": "be.eco.v2", "book_path": "be/sections/be.eco.v3.json", "book_sha256": "sha256:b0895c958db0ef8c8896d76b9f23daedcef637767c444f909a343417a99253ed", "section": { "section_id": "book:be:eco", "family": "ECO", "schema": "SM-ECO-10060 canonical text v1.0 (2026-10-30) · chapter schema v0.1 (unratified) · Appendix A", "schema_version": "0.1", "version": "be.eco.v3", "supersedes": "be.eco.v2", "market": "be", "node": "be-cm-kg", "produced_at": "2026-10-31T01:54:54Z", "observed": { "earliest_read": "2026-10-23", "latest_read": "2026-10-31T01:54:49Z" }, "fields": [ { "name": "jurisdiction_scope", "value": "not_found", "read_at": "2026-10-31T01:45:57Z", "pages_checked": [ "https://www.esma.europa.eu/sites/default/files/2023-11/ESMA35-335435667-4520_Compliance_table_on_ESMA_Guidelines_on_MiFID_II_product_governance__2023_.pdf", "https://www.fsma.be/sites/default/files/media/files/2026-04/fsma_mifid2_en.pdf", "https://www.belfius.be/about-us/dam/corporate/investors/debt-issuances/belgian-public-pandbrieven-programme--/prospectus-and-supplements/2026/Belfius-Pandbrieven-Programmes-2026-Update-Base-Prospectus.pdf", "https://www.belfius.be/about-us/dam/corporate/investors/debt-issuances/green-bonds/final-terms/Final%20Terms%20Series%20415%20due%2011%20June%202030.pdf", "https://www.fsma.be/en", "https://www.fsma.be/en/news/product-governance-requirements-under-mifid-ii-implementation-fsma", "https://www.esma.europa.eu/sites/default/files/library/esma35-43-1076_compliance_table_for_esma_guidelines_on_product_governance.pdf", "https://mcp.getissuer.ai/mcp", "https://www.esma.europa.eu/publications-and-data/interactive-single-rulebook/mifid-ii", "https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32018X0601(02)" ], "conflict": { "values": [ { "value": { "regime": "MiFID II (European 'Markets in Financial Instruments Directive')", "scope": "regulates services relating to financial instruments rendered by investment firms (investment services)", "authority": "FSMA, an autonomous public institution that carries out the tasks in the general interest entrusted to it by the Belgian legislature" }, "source_url": "https://www.fsma.be/sites/default/files/media/files/2026-04/fsma_mifid2_en.pdf", "quote": "This is a European legislative text which came into force in 2007 and regulates services relating to financial instruments rendered by investment firms (investment services).", "source_date": null } ], "reason": "review PARTIAL: PARTIAL\n\nThe excerpt confirms the definition and scope of MiFID II (regulating investment services), but does not explicitly state that the FSMA is the authority enforcing MiFID II in Belgium—only tha", "selection_rule": "none — unresolved (BOOK-02 records, does not resolve)" } }, { "name": "competent_authorities", "value": "Financial Services and Markets Authority (FSMA)", "read_at": "2026-10-23", "pages_checked": [ "https://www.fsma.be/en" ], "source_url": "https://www.fsma.be/en" }, { "name": "duty_map", "value": [ { "duty": "MiFID II product governance" } ], "read_at": "2026-10-30T21:17:22Z", "pages_checked": [ "https://mcp.getissuer.ai/mcp" ], "source_url": "https://mcp.getissuer.ai/mcp", "conflict": { "values": [ { "value": [ { "activity": "Investment advice", "duty": "Suitability test" }, { "activity": "Portfolio management", "duty": "Suitability test" }, { "activity": "Order execution (on the firm's initiative or where a complex product is involved)", "duty": "Appropriateness test" }, { "activity": "Execution only (on the client's initiative, concerning a non-complex product and after client information)", "duty": "No test" } ], "source_url": "https://www.fsma.be/sites/default/files/media/files/2026-04/fsma_mifid2_en.pdf", "quote": "This is why MiFID II obliges firms to conduct the ‘suitability test’.", "source_date": null } ], "reason": "review PARTIAL: PARTIAL\n\nThe excerpt explicitly supports the \"suitability test\" for investment advice and implies it for portfolio management (though not directly stated). It also supports \"no test\" for execution-onl", "selection_rule": "none — unresolved (BOOK-02 records, does not resolve)" } }, { "name": "regulated_activities", "value": [ { "activity": "giving an order to buy or sell financial products" }, { "activity": "obtaining investment advice, i.e. personalized recommendations on investments" }, { "activity": "contracting a portfolio management service, i.e. the management of your investments by the firm on your behalf" } ], "read_at": "2026-10-31T01:45:57Z", "pages_checked": [ "https://www.fsma.be/sites/default/files/media/files/2026-04/fsma_mifid2_en.pdf", "https://www.esma.europa.eu/sites/default/files/2023-11/ESMA35-335435667-4520_Compliance_table_on_ESMA_Guidelines_on_MiFID_II_product_governance__2023_.pdf", "https://www.belfius.be/about-us/dam/corporate/investors/debt-issuances/belgian-public-pandbrieven-programme--/prospectus-and-supplements/2026/Belfius-Pandbrieven-Programmes-2026-Update-Base-Prospectus.pdf", "https://www.belfius.be/about-us/dam/corporate/investors/debt-issuances/green-bonds/final-terms/Final%20Terms%20Series%20415%20due%2011%20June%202030.pdf", "https://www.fsma.be/en", "https://www.fsma.be/en/news/product-governance-requirements-under-mifid-ii-implementation-fsma", "https://www.esma.europa.eu/sites/default/files/library/esma35-43-1076_compliance_table_for_esma_guidelines_on_product_governance.pdf", "https://mcp.getissuer.ai/mcp", "https://www.esma.europa.eu/publications-and-data/interactive-single-rulebook/mifid-ii", "https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32018X0601(02)" ], "source_url": "https://www.fsma.be/sites/default/files/media/files/2026-04/fsma_mifid2_en.pdf", "source_date": "2026-04-28" }, { "name": "participant_categories", "value": [ { "category": "Retail client", "note": "Most individual investors will be placed in the 'retail client' category" }, { "category": "Professional client", "note": "includes, for example, banks, public authorities, pension funds, major companies and, exceptionally, some individual investors" } ], "read_at": "2026-10-31T01:45:57Z", "pages_checked": [ "https://www.fsma.be/sites/default/files/media/files/2026-04/fsma_mifid2_en.pdf", "https://www.esma.europa.eu/sites/default/files/2023-11/ESMA35-335435667-4520_Compliance_table_on_ESMA_Guidelines_on_MiFID_II_product_governance__2023_.pdf", "https://www.belfius.be/about-us/dam/corporate/investors/debt-issuances/belgian-public-pandbrieven-programme--/prospectus-and-supplements/2026/Belfius-Pandbrieven-Programmes-2026-Update-Base-Prospectus.pdf", "https://www.belfius.be/about-us/dam/corporate/investors/debt-issuances/green-bonds/final-terms/Final%20Terms%20Series%20415%20due%2011%20June%202030.pdf", "https://www.fsma.be/en", "https://www.fsma.be/en/news/product-governance-requirements-under-mifid-ii-implementation-fsma", "https://www.esma.europa.eu/sites/default/files/library/esma35-43-1076_compliance_table_for_esma_guidelines_on_product_governance.pdf", "https://mcp.getissuer.ai/mcp", "https://www.esma.europa.eu/publications-and-data/interactive-single-rulebook/mifid-ii", "https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32018X0601(02)" ], "source_url": "https://www.fsma.be/sites/default/files/media/files/2026-04/fsma_mifid2_en.pdf", "source_date": "2026-04-28" }, { "name": "product_categories", "value": [ { "class": "shares", "in_scope": true }, { "class": "bonds", "in_scope": true }, { "class": "derivative products", "in_scope": true }, { "class": "units in open-ended investment companies (sicavs/beveks)", "in_scope": true }, { "class": "structured deposits", "in_scope": true }, { "class": "deposits, loans, borrowings or insurance products", "in_scope": false } ], "read_at": "2026-10-31T01:45:57Z", "pages_checked": [ "https://www.fsma.be/sites/default/files/media/files/2026-04/fsma_mifid2_en.pdf", "https://www.esma.europa.eu/sites/default/files/2023-11/ESMA35-335435667-4520_Compliance_table_on_ESMA_Guidelines_on_MiFID_II_product_governance__2023_.pdf", "https://www.belfius.be/about-us/dam/corporate/investors/debt-issuances/belgian-public-pandbrieven-programme--/prospectus-and-supplements/2026/Belfius-Pandbrieven-Programmes-2026-Update-Base-Prospectus.pdf", "https://www.belfius.be/about-us/dam/corporate/investors/debt-issuances/green-bonds/final-terms/Final%20Terms%20Series%20415%20due%2011%20June%202030.pdf", "https://www.fsma.be/en", "https://www.fsma.be/en/news/product-governance-requirements-under-mifid-ii-implementation-fsma", "https://www.esma.europa.eu/sites/default/files/library/esma35-43-1076_compliance_table_for_esma_guidelines_on_product_governance.pdf", "https://mcp.getissuer.ai/mcp", "https://www.esma.europa.eu/publications-and-data/interactive-single-rulebook/mifid-ii", "https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32018X0601(02)" ], "source_url": "https://www.fsma.be/sites/default/files/media/files/2026-04/fsma_mifid2_en.pdf", "source_date": "2026-04-28" }, { "name": "issuer_and_listing_scope", "value": "not_found", "read_at": "2026-10-31T01:54:46Z", "pages_checked": [ "https://www.esma.europa.eu/sites/default/files/2023-11/ESMA35-335435667-4520_Compliance_table_on_ESMA_Guidelines_on_MiFID_II_product_governance__2023_.pdf", "https://www.fsma.be/sites/default/files/media/files/2026-04/fsma_mifid2_en.pdf", "https://www.belfius.be/about-us/dam/corporate/investors/debt-issuances/belgian-public-pandbrieven-programme--/prospectus-and-supplements/2026/Belfius-Pandbrieven-Programmes-2026-Update-Base-Prospectus.pdf", "https://www.belfius.be/about-us/dam/corporate/investors/debt-issuances/green-bonds/final-terms/Final%20Terms%20Series%20415%20due%2011%20June%202030.pdf", "https://www.fsma.be/en", "https://www.fsma.be/en/news/product-governance-requirements-under-mifid-ii-implementation-fsma", "https://www.esma.europa.eu/sites/default/files/library/esma35-43-1076_compliance_table_for_esma_guidelines_on_product_governance.pdf", "https://mcp.getissuer.ai/mcp", "https://www.esma.europa.eu/publications-and-data/interactive-single-rulebook/mifid-ii", "https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32018X0601(02)" ] }, { "name": "exchanges_and_venues", "value": [ { "name": "Euronext Brussels (also Euronext Growth Brussels)", "listings_page": "https://live.euronext.com/en/markets/brussels" } ], "read_at": "2026-10-23", "pages_checked": [ "https://live.euronext.com/en/markets/brussels" ], "source_url": "https://live.euronext.com/en/markets/brussels" }, { "name": "information_stores", "value": "STORI - 'the Belgian central storage mechanism', run by the FSMA; contains regulated information filed with the FSMA by issuers on a regulated market with Belgium as home Member State, and issuers on Euronext Growth; 'information submitted is immediately and automatically made available as received'", "read_at": "2026-10-23", "pages_checked": [ "https://www.fsma.be/en/storage-regulated-information-stori" ], "source_url": "https://www.fsma.be/en/storage-regulated-information-stori" }, { "name": "store_lookup", "value": "STORI search ('Go to STORI' link on the FSMA STORI page)", "read_at": "2026-10-23", "pages_checked": [ "https://www.fsma.be/en/storage-regulated-information-stori" ], "source_url": "https://www.fsma.be/en/storage-regulated-information-stori" }, { "name": "periodic_reporting", "value": [ { "report": "Annual financial report", "deadline": "made public by or no later than the first of the following two dates: no later than thirty days before the annual general meeting; or no later than four months after each financial year-end" }, { "report": "Half-yearly financial report", "deadline": "must be made public no later than three months after the first half year" } ], "read_at": "2026-10-23", "pages_checked": [ "https://www.fsma.be/en/faq/periodic-information" ], "source_url": "https://www.fsma.be/en/faq/periodic-information" }, { "name": "ad_hoc_disclosure", "value": "FSMA FAQ: 'Inside information must be disclosed as soon as possible. If the disclosure is made during stock exchange hours, trading in the stock will, in principle, have to be suspended.' (details in Circular FSMA_2012_01 s.4, French/Dutch only)", "read_at": "2026-10-23", "pages_checked": [ "https://www.fsma.be/en/faq/inside-information" ], "source_url": "https://www.fsma.be/en/faq/inside-information" }, { "name": "filing_formats", "value": "not_found", "read_at": "2026-10-31T01:54:46Z", "pages_checked": [ "https://www.fsma.be/en/storage-regulated-information-stori", "https://www.esma.europa.eu/sites/default/files/library/esma35-43-1076_compliance_table_for_esma_guidelines_on_product_governance.pdf", "https://www.esma.europa.eu/sites/default/files/2023-11/ESMA35-335435667-4520_Compliance_table_on_ESMA_Guidelines_on_MiFID_II_product_governance__2023_.pdf", "https://www.amf-france.org/en/regulation/policy/doc-2018-04", "https://www.fsma.be/en/news/product-governance-requirements-under-mifid-ii-implementation-fsma", "https://www.esma.europa.eu/document/final-report-guidelines-mifid-ii-product-governance-requirements", "https://www.fsma.be/en/faq/periodic-information", "https://www.fsma.be/en/faq/inside-information", "https://www.esma.europa.eu/sites/default/files/2023-08/ESMA35-43-3448_Guidelines_on_product_governance.pdf", "https://www.fsma.be/en/faq/investor-relations-toolbox" ] }, { "name": "filing_languages", "value": "not_found", "read_at": "2026-10-31T01:54:46Z", "pages_checked": [ "https://www.fsma.be/en/storage-regulated-information-stori", "https://www.esma.europa.eu/sites/default/files/library/esma35-43-1076_compliance_table_for_esma_guidelines_on_product_governance.pdf", "https://www.esma.europa.eu/sites/default/files/2023-11/ESMA35-335435667-4520_Compliance_table_on_ESMA_Guidelines_on_MiFID_II_product_governance__2023_.pdf", "https://www.amf-france.org/en/regulation/policy/doc-2018-04", "https://www.fsma.be/en/news/product-governance-requirements-under-mifid-ii-implementation-fsma", "https://www.esma.europa.eu/document/final-report-guidelines-mifid-ii-product-governance-requirements", "https://www.fsma.be/en/faq/periodic-information", "https://www.fsma.be/en/faq/inside-information", "https://www.esma.europa.eu/sites/default/files/2023-08/ESMA35-43-3448_Guidelines_on_product_governance.pdf", "https://www.fsma.be/en/faq/investor-relations-toolbox" ] }, { "name": "prospectus_regime", "value": "not_found", "read_at": "2026-10-31T01:54:46Z", "pages_checked": [ "https://www.fsma.be/en/storage-regulated-information-stori", "https://www.esma.europa.eu/sites/default/files/library/esma35-43-1076_compliance_table_for_esma_guidelines_on_product_governance.pdf", "https://www.esma.europa.eu/sites/default/files/2023-11/ESMA35-335435667-4520_Compliance_table_on_ESMA_Guidelines_on_MiFID_II_product_governance__2023_.pdf", "https://www.amf-france.org/en/regulation/policy/doc-2018-04", "https://www.fsma.be/en/news/product-governance-requirements-under-mifid-ii-implementation-fsma", "https://www.esma.europa.eu/document/final-report-guidelines-mifid-ii-product-governance-requirements", "https://www.fsma.be/en/faq/periodic-information", "https://www.fsma.be/en/faq/inside-information", "https://www.esma.europa.eu/sites/default/files/2023-08/ESMA35-43-3448_Guidelines_on_product_governance.pdf", "https://www.fsma.be/en/faq/investor-relations-toolbox" ] }, { "name": "product_disclosures", "value": "not_found", "read_at": "2026-10-31T01:54:46Z", "pages_checked": [ "https://www.fsma.be/en/storage-regulated-information-stori", "https://www.esma.europa.eu/sites/default/files/library/esma35-43-1076_compliance_table_for_esma_guidelines_on_product_governance.pdf", "https://www.esma.europa.eu/sites/default/files/2023-11/ESMA35-335435667-4520_Compliance_table_on_ESMA_Guidelines_on_MiFID_II_product_governance__2023_.pdf", "https://www.amf-france.org/en/regulation/policy/doc-2018-04", "https://www.fsma.be/en/news/product-governance-requirements-under-mifid-ii-implementation-fsma", "https://www.esma.europa.eu/document/final-report-guidelines-mifid-ii-product-governance-requirements", "https://www.fsma.be/en/faq/periodic-information", "https://www.fsma.be/en/faq/inside-information", "https://www.esma.europa.eu/sites/default/files/2023-08/ESMA35-43-3448_Guidelines_on_product_governance.pdf", "https://www.fsma.be/en/faq/investor-relations-toolbox" ] }, { "name": "takeover_regime", "value": "not_found", "read_at": "2026-10-31T01:53:31Z", "pages_checked": [ "https://www.amf-france.org/en/regulation/policy/doc-2018-04", "https://wcmassets.kbc.be/content/dam/kbccom/doc/investor-relations/7-Debt-issuance/KBC_Group/20251015-ft-grp-BE0390258276.pdf.cdn.res/last-modified/1760501144135/20251015-ft-grp-BE0390258276.pdf", "https://www.esma.europa.eu/sites/default/files/library/esma35-43-1076_compliance_table_for_esma_guidelines_on_product_governance.pdf", "https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32018X0601(02)", "https://www.esma.europa.eu/sites/default/files/2023-11/ESMA35-335435667-4520_Compliance_table_on_ESMA_Guidelines_on_MiFID_II_product_governance__2023_.pdf", "https://www.fsma.be/sites/default/files/prospectus/files/2026/BPWO-20262602-EN-DOCREG-2025-000450-02.pdf", "https://www.fsma.be/en/news/product-governance-requirements-under-mifid-ii-implementation-fsma", "https://www.legal500.com/guides/chapter/belgium-capital-markets/", "https://www.esma.europa.eu/sites/default/files/2023-08/ESMA35-43-3448_Guidelines_on_product_governance.pdf", "https://www.euronext.com/en/trading/trading-hours-holidays" ] }, { "name": "ownership_reporting", "value": "not_found", "read_at": "2026-10-31T01:53:31Z", "pages_checked": [ "https://www.amf-france.org/en/regulation/policy/doc-2018-04", "https://wcmassets.kbc.be/content/dam/kbccom/doc/investor-relations/7-Debt-issuance/KBC_Group/20251015-ft-grp-BE0390258276.pdf.cdn.res/last-modified/1760501144135/20251015-ft-grp-BE0390258276.pdf", "https://www.esma.europa.eu/sites/default/files/library/esma35-43-1076_compliance_table_for_esma_guidelines_on_product_governance.pdf", "https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32018X0601(02)", "https://www.esma.europa.eu/sites/default/files/2023-11/ESMA35-335435667-4520_Compliance_table_on_ESMA_Guidelines_on_MiFID_II_product_governance__2023_.pdf", "https://www.fsma.be/sites/default/files/prospectus/files/2026/BPWO-20262602-EN-DOCREG-2025-000450-02.pdf", "https://www.fsma.be/en/news/product-governance-requirements-under-mifid-ii-implementation-fsma", "https://www.legal500.com/guides/chapter/belgium-capital-markets/", "https://www.esma.europa.eu/sites/default/files/2023-08/ESMA35-43-3448_Guidelines_on_product_governance.pdf", "https://www.euronext.com/en/trading/trading-hours-holidays" ], "conflict": { "values": [ { "value": [ { "instrument": "Act of 2 May 2007 on the disclosure of significant shareholdings (the Transparency Act)" }, { "instrument": "Royal Decree of 14 November 2007 on the obligations of issuers of financial instruments admitted to trading on a regulated market (the Transparency Royal Decree)" } ], "source_url": "https://www.legal500.com/guides/chapter/belgium-capital-markets/", "quote": "the Act of 2 May 2007 on the disclosure of significant shareholdings (the Transparency Act) and the Royal Decree of 14 November 2007 on the obligations of issuers of financial instruments admitted to trading on a regulated market (the Transparency Royal Decree)", "source_date": null } ], "reason": "review UNSUPPORTED: SUPPORTED, the excerpt explicitly lists both the Act of 2 May 2007 on the disclosure of significant shareholdings (Transparency Act) and the Royal Decree of 14 November 2007 on the obligations of issu", "selection_rule": "none — unresolved (BOOK-02 records, does not resolve)" } }, { "name": "short_selling", "value": "not_found", "read_at": "2026-10-31T01:54:46Z", "pages_checked": [ "https://www.amf-france.org/en/regulation/policy/doc-2018-04", "https://wcmassets.kbc.be/content/dam/kbccom/doc/investor-relations/7-Debt-issuance/KBC_Group/20251015-ft-grp-BE0390258276.pdf.cdn.res/last-modified/1760501144135/20251015-ft-grp-BE0390258276.pdf", "https://www.esma.europa.eu/sites/default/files/library/esma35-43-1076_compliance_table_for_esma_guidelines_on_product_governance.pdf", "https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32018X0601(02)", "https://www.esma.europa.eu/sites/default/files/2023-11/ESMA35-335435667-4520_Compliance_table_on_ESMA_Guidelines_on_MiFID_II_product_governance__2023_.pdf", "https://www.fsma.be/sites/default/files/prospectus/files/2026/BPWO-20262602-EN-DOCREG-2025-000450-02.pdf", "https://www.fsma.be/en/news/product-governance-requirements-under-mifid-ii-implementation-fsma", "https://www.legal500.com/guides/chapter/belgium-capital-markets/", "https://www.esma.europa.eu/sites/default/files/2023-08/ESMA35-43-3448_Guidelines_on_product_governance.pdf", "https://www.euronext.com/en/trading/trading-hours-holidays" ] }, { "name": "market_abuse", "value": "not_found", "read_at": "2026-10-31T01:53:31Z", "pages_checked": [ "https://www.amf-france.org/en/regulation/policy/doc-2018-04", "https://wcmassets.kbc.be/content/dam/kbccom/doc/investor-relations/7-Debt-issuance/KBC_Group/20251015-ft-grp-BE0390258276.pdf.cdn.res/last-modified/1760501144135/20251015-ft-grp-BE0390258276.pdf", "https://www.esma.europa.eu/sites/default/files/library/esma35-43-1076_compliance_table_for_esma_guidelines_on_product_governance.pdf", "https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32018X0601(02)", "https://www.esma.europa.eu/sites/default/files/2023-11/ESMA35-335435667-4520_Compliance_table_on_ESMA_Guidelines_on_MiFID_II_product_governance__2023_.pdf", "https://www.fsma.be/sites/default/files/prospectus/files/2026/BPWO-20262602-EN-DOCREG-2025-000450-02.pdf", "https://www.fsma.be/en/news/product-governance-requirements-under-mifid-ii-implementation-fsma", "https://www.legal500.com/guides/chapter/belgium-capital-markets/", "https://www.esma.europa.eu/sites/default/files/2023-08/ESMA35-43-3448_Guidelines_on_product_governance.pdf", "https://www.euronext.com/en/trading/trading-hours-holidays" ] }, { "name": "trading_controls", "value": "not_found", "read_at": "2026-10-31T01:54:47Z", "pages_checked": [ "https://www.amf-france.org/en/regulation/policy/doc-2018-04", "https://wcmassets.kbc.be/content/dam/kbccom/doc/investor-relations/7-Debt-issuance/KBC_Group/20251015-ft-grp-BE0390258276.pdf.cdn.res/last-modified/1760501144135/20251015-ft-grp-BE0390258276.pdf", "https://www.esma.europa.eu/sites/default/files/library/esma35-43-1076_compliance_table_for_esma_guidelines_on_product_governance.pdf", "https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32018X0601(02)", "https://www.esma.europa.eu/sites/default/files/2023-11/ESMA35-335435667-4520_Compliance_table_on_ESMA_Guidelines_on_MiFID_II_product_governance__2023_.pdf", "https://www.fsma.be/sites/default/files/prospectus/files/2026/BPWO-20262602-EN-DOCREG-2025-000450-02.pdf", "https://www.fsma.be/en/news/product-governance-requirements-under-mifid-ii-implementation-fsma", "https://www.legal500.com/guides/chapter/belgium-capital-markets/", "https://www.esma.europa.eu/sites/default/files/2023-08/ESMA35-43-3448_Guidelines_on_product_governance.pdf", "https://www.euronext.com/en/trading/trading-hours-holidays" ] }, { "name": "market_calendar", "value": "Euronext trading hours & holidays page (cash and derivatives markets open Monday to Friday in 2026 except listed days; Brussels row not separately read)", "read_at": "2026-10-23", "pages_checked": [ "https://www.euronext.com/en/trading/trading-hours-holidays" ], "source_url": "https://www.euronext.com/en/trading/trading-hours-holidays", "conflict": { "values": [ { "value": [ { "title": "2026 Holiday Calendar for Euronext's Cash and Derivatives markets", "url": "https://www.euronext.com/en/trading/trading-hours-holidays", "brussels_closed": [ "Thursday 1 January 2026 (New Year's Day)", "Friday 3 April 2026 (Good Friday)", "Monday 6 April 2026 (Easter Monday)", "Friday 1 May 2026 (Labour Day)", "Friday 25 December 2026 (Christmas)" ], "brussels_half_trading_days": [ "Thursday 24 December 2026", "Thursday 31 December 2026" ] } ], "source_url": "https://www.euronext.com/en/trading/trading-hours-holidays", "quote": "The Euronext Cash Markets and the Euronext Derivatives Markets will be open Monday to Friday throughout 2026 except on the following days:", "source_date": null } ], "reason": "review PARTIAL: PARTIAL\n\nThe excerpt confirms the closed days for Brussels (New Year's Day, Good Friday, Easter Monday, Labour Day, Christmas) and half-trading days (24 Dec, 31 Dec), but the table shows additional ho", "selection_rule": "none — unresolved (BOOK-02 records, does not resolve)" } }, { "name": "halts_sources", "value": "not_found", "read_at": "2026-10-31T01:54:47Z", "pages_checked": [ "https://www.amf-france.org/en/regulation/policy/doc-2018-04", "https://wcmassets.kbc.be/content/dam/kbccom/doc/investor-relations/7-Debt-issuance/KBC_Group/20251015-ft-grp-BE0390258276.pdf.cdn.res/last-modified/1760501144135/20251015-ft-grp-BE0390258276.pdf", "https://www.esma.europa.eu/sites/default/files/library/esma35-43-1076_compliance_table_for_esma_guidelines_on_product_governance.pdf", "https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32018X0601(02)", "https://www.esma.europa.eu/sites/default/files/2023-11/ESMA35-335435667-4520_Compliance_table_on_ESMA_Guidelines_on_MiFID_II_product_governance__2023_.pdf", "https://www.fsma.be/sites/default/files/prospectus/files/2026/BPWO-20262602-EN-DOCREG-2025-000450-02.pdf", "https://www.fsma.be/en/news/product-governance-requirements-under-mifid-ii-implementation-fsma", "https://www.legal500.com/guides/chapter/belgium-capital-markets/", "https://www.esma.europa.eu/sites/default/files/2023-08/ESMA35-43-3448_Guidelines_on_product_governance.pdf", "https://www.euronext.com/en/trading/trading-hours-holidays" ] }, { "name": "identifiers", "value": { "example_isin": "BE0390258276", "common_code": "320801206", "clearing": "Securities Settlement System, Euroclear Bank SA/NV and Clearstream Banking, S.A." }, "read_at": "2026-10-31T01:53:31Z", "pages_checked": [ "https://wcmassets.kbc.be/content/dam/kbccom/doc/investor-relations/7-Debt-issuance/KBC_Group/20251015-ft-grp-BE0390258276.pdf.cdn.res/last-modified/1760501144135/20251015-ft-grp-BE0390258276.pdf", "https://www.amf-france.org/en/regulation/policy/doc-2018-04", "https://www.esma.europa.eu/sites/default/files/library/esma35-43-1076_compliance_table_for_esma_guidelines_on_product_governance.pdf", "https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32018X0601(02)", "https://www.esma.europa.eu/sites/default/files/2023-11/ESMA35-335435667-4520_Compliance_table_on_ESMA_Guidelines_on_MiFID_II_product_governance__2023_.pdf", "https://www.fsma.be/sites/default/files/prospectus/files/2026/BPWO-20262602-EN-DOCREG-2025-000450-02.pdf", "https://www.fsma.be/en/news/product-governance-requirements-under-mifid-ii-implementation-fsma", "https://www.legal500.com/guides/chapter/belgium-capital-markets/", "https://www.esma.europa.eu/sites/default/files/2023-08/ESMA35-43-3448_Guidelines_on_product_governance.pdf", "https://www.euronext.com/en/trading/trading-hours-holidays" ], "source_url": "https://wcmassets.kbc.be/content/dam/kbccom/doc/investor-relations/7-Debt-issuance/KBC_Group/20251015-ft-grp-BE0390258276.pdf.cdn.res/last-modified/1760501144135/20251015-ft-grp-BE0390258276.pdf", "source_date": "14 October 2025" }, { "name": "isin_prefix", "value": "BE - numbering agency SIX Financial Information Belgium S.A./N.V.", "read_at": "2026-10-23", "pages_checked": [ "https://anna-web.org/identifiers/" ], "source_url": "https://anna-web.org/identifiers/", "conflict": { "values": [ { "value": { "prefix": "BE", "national_numbering_agency": "SIX Financial Information Belgium S.A./N.V.", "limits": "For securities other than debt securities, the first two characters are the ISO 3166 alpha-2 code of the country where the issuer is legally registered or domiciled; for debt securities, the relevant country is the one of the ISIN-allocating National Numbering Agency; for depository receipts, the country code is that of the organisation that issued the receipt." }, "source_url": "https://anna-web.org/identifiers/", "quote": "SIX Financial Information Belgium S.A./N.V. Belgium BE", "source_date": null } ], "reason": "review PARTIAL: PARTIAL\n\nThe excerpt lists \"SIX Financial Information Belgium S.A./N.V.\" as the National Numbering Agency (NNA) for Belgium (BE), confirming the claimed *national_numbering_agency*. However, it does n", "selection_rule": "none — unresolved (BOOK-02 records, does not resolve)" } }, { "name": "lei_requirements", "value": "LEI = unique 20-character alphanumeric code, ISO 17442 (GLEIF); GLEIF page states no general who-must-hold rule", "read_at": "2026-10-23", "pages_checked": [ "https://www.gleif.org/en/about-lei/introducing-the-legal-entity-identifier-lei" ], "source_url": "https://www.gleif.org/en/about-lei/introducing-the-legal-entity-identifier-lei" }, { "name": "settlement", "value": "not_found", "read_at": "2026-10-31T01:54:48Z", "pages_checked": [ "https://anna-web.org/identifiers/", "https://www.fsma.be/en/news/product-governance-requirements-under-mifid-ii-implementation-fsma", "https://www.esma.europa.eu/sites/default/files/2023-11/ESMA35-335435667-4520_Compliance_table_on_ESMA_Guidelines_on_MiFID_II_product_governance__2023_.pdf", "https://www.esma.europa.eu/sites/default/files/library/esma35-43-1076_compliance_table_for_esma_guidelines_on_product_governance.pdf", "https://www.gleif.org/en/about-lei/introducing-the-legal-entity-identifier-lei", "https://www.fsma.be/sites/default/files/prospectus/files/2026/BPWO-20262602-EN-DOCREG-2025-000450-02.pdf", "https://www.esma.europa.eu/sites/default/files/2023-08/ESMA35-43-3448_Guidelines_on_product_governance.pdf", "https://wcmassets.kbc.be/content/dam/kbccom/doc/investor-relations/7-Debt-issuance/KBC_Group/20251015-ft-grp-BE0390258276.pdf.cdn.res/last-modified/1760501144135/20251015-ft-grp-BE0390258276.pdf", "https://www.fsma.be/sites/default/files/prospectus/files/2025/BPWO-20251310-EN-DOCREG-2025-000296-12.pdf", "https://www.esma.europa.eu/sites/default/files/library/esma35-43-620_report_on_guidelines_on_product_governance.pdf" ] }, { "name": "clearing_and_custody", "value": "not_found", "read_at": "2026-10-31T01:53:31Z", "pages_checked": [ "https://anna-web.org/identifiers/", "https://www.fsma.be/en/news/product-governance-requirements-under-mifid-ii-implementation-fsma", "https://www.esma.europa.eu/sites/default/files/2023-11/ESMA35-335435667-4520_Compliance_table_on_ESMA_Guidelines_on_MiFID_II_product_governance__2023_.pdf", "https://www.esma.europa.eu/sites/default/files/library/esma35-43-1076_compliance_table_for_esma_guidelines_on_product_governance.pdf", "https://www.gleif.org/en/about-lei/introducing-the-legal-entity-identifier-lei", "https://www.fsma.be/sites/default/files/prospectus/files/2026/BPWO-20262602-EN-DOCREG-2025-000450-02.pdf", "https://www.esma.europa.eu/sites/default/files/2023-08/ESMA35-43-3448_Guidelines_on_product_governance.pdf", "https://wcmassets.kbc.be/content/dam/kbccom/doc/investor-relations/7-Debt-issuance/KBC_Group/20251015-ft-grp-BE0390258276.pdf.cdn.res/last-modified/1760501144135/20251015-ft-grp-BE0390258276.pdf", "https://www.fsma.be/sites/default/files/prospectus/files/2025/BPWO-20251310-EN-DOCREG-2025-000296-12.pdf", "https://www.esma.europa.eu/sites/default/files/library/esma35-43-620_report_on_guidelines_on_product_governance.pdf" ], "conflict": { "values": [ { "value": [ { "instrument": "KBC Group NV EUR 500,000,000 Floating Rate Senior Notes (ISIN BE0390258276)", "clearing_systems": [ "Securities Settlement System", "Euroclear Bank SA/NV", "Clearstream Banking, S.A." ], "form": "Dematerialised form", "delivery": "Delivery against payment" } ], "source_url": "https://wcmassets.kbc.be/content/dam/kbccom/doc/investor-relations/7-Debt-issuance/KBC_Group/20251015-ft-grp-BE0390258276.pdf.cdn.res/last-modified/1760501144135/20251015-ft-grp-BE0390258276.pdf", "quote": "Any clearing system(s) other than the Securities Settlement System, Euroclear Bank SA /NV and Clearstream Banking, S.A. and the relevant identification number(s):", "source_date": "14 October 2025" } ], "reason": "review PARTIAL: **PARTIAL**\n\nThe excerpt confirms the clearing systems (Securities Settlement System, Euroclear Bank SA/NV, Clearstream Banking S.A.), delivery method (\"Delivery against payment\"), and dematerialised ", "selection_rule": "none — unresolved (BOOK-02 records, does not resolve)" } }, { "name": "corporate_actions", "value": "not_found", "read_at": "2026-10-31T01:54:48Z", "pages_checked": [ "https://anna-web.org/identifiers/", "https://www.fsma.be/en/news/product-governance-requirements-under-mifid-ii-implementation-fsma", "https://www.esma.europa.eu/sites/default/files/2023-11/ESMA35-335435667-4520_Compliance_table_on_ESMA_Guidelines_on_MiFID_II_product_governance__2023_.pdf", "https://www.esma.europa.eu/sites/default/files/library/esma35-43-1076_compliance_table_for_esma_guidelines_on_product_governance.pdf", "https://www.gleif.org/en/about-lei/introducing-the-legal-entity-identifier-lei", 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"https://www.fsma.be/en/news/product-governance-requirements-under-mifid-ii-implementation-fsma", "https://anna-web.org/identifiers/", "https://www.esma.europa.eu/sites/default/files/2023-11/ESMA35-335435667-4520_Compliance_table_on_ESMA_Guidelines_on_MiFID_II_product_governance__2023_.pdf", "https://www.esma.europa.eu/sites/default/files/library/esma35-43-1076_compliance_table_for_esma_guidelines_on_product_governance.pdf", "https://www.gleif.org/en/about-lei/introducing-the-legal-entity-identifier-lei", "https://www.fsma.be/sites/default/files/prospectus/files/2026/BPWO-20262602-EN-DOCREG-2025-000450-02.pdf", "https://www.esma.europa.eu/sites/default/files/2023-08/ESMA35-43-3448_Guidelines_on_product_governance.pdf", "https://wcmassets.kbc.be/content/dam/kbccom/doc/investor-relations/7-Debt-issuance/KBC_Group/20251015-ft-grp-BE0390258276.pdf.cdn.res/last-modified/1760501144135/20251015-ft-grp-BE0390258276.pdf", 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It also supports \"no test\" for execution-onl", "regulated_activities": "verified · date Last-Modified", "participant_categories": "verified · date Last-Modified", "product_categories": "verified · date Last-Modified", "issuer_and_listing_scope": "not stated on the pages read", "exchanges_and_venues": "verified · date on-page (reader)", "information_stores": "not stated on the pages read", "store_lookup": "not stated on the pages read", "periodic_reporting": "not stated on the pages read", "ad_hoc_disclosure": "not stated on the pages read", "filing_formats": "not stated on the pages read", "filing_languages": "not stated on the pages read", "prospectus_regime": "not stated on the pages read", "product_disclosures": "not stated on the pages read", "takeover_regime": "verified but undated — the source bears no date (order: source_date or not_found)", "ownership_reporting": "review UNSUPPORTED: SUPPORTED, the excerpt explicitly lists both the Act of 2 May 2007 on the disclosure of significant shareholdings (Transparency Act) and the Royal Decree of 14 November 2007 on the obligations of issu", "short_selling": "not stated on the pages read", "market_abuse": "verified but undated — the source bears no date (order: source_date or not_found)", "trading_controls": "not stated on the pages read", "market_calendar": "review PARTIAL: PARTIAL\n\nThe excerpt confirms the closed days for Brussels (New Year's Day, Good Friday, Easter Monday, Labour Day, Christmas) and half-trading days (24 Dec, 31 Dec), but the table shows additional ho", "halts_sources": "not stated on the pages read", "identifiers": "verified · date on-page (reader)", "isin_prefix": "review PARTIAL: PARTIAL\n\nThe excerpt lists \"SIX Financial Information Belgium S.A./N.V.\" as the National Numbering Agency (NNA) for Belgium (BE), confirming the claimed *national_numbering_agency*. 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