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Bahasa Indonesia) 1:
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Since 1 April 2011, the supervision of the Belgian financial sector is organized with two autonomous regulatory bodies, the Belgian National Bank (BNB) and the Financial Services and Markets Authority, formerly the CBFA (FSMA).This bipartite model, knows as the “Twin Peaks” model, is intended to provide a structure for the two major objectives of the supervision of the financial sector:• maintaining the macro and microeconomic stability of the financial system, which falls within the competence of the BNB, and• ensuring that market processes are equitable and transparent, that relationships between market participants are appropriate and that clients are treated honestly, fairly and professionally, tasks which fall within the competence of the FSMA. The FSMA is also responsible for Prospectus, Transparency and Market Abuse regulations.
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