Standard held by Allooloo Technologies Corp. · Open standard, MIT licence.

SM-ECO-10060 · Belgium

SM-ECO-10060sm-eco-10060.org/market/be/

Belgium · be-eco-10060

chapter be.chapter.v11 · supersedes be.chapter.v10 · as of 2026-10-31 · node be-cm-kg · https://be.eu-cm-kg.ai/book/

7.2 The field element (every catalogue entry below is one of these)

Ask get_orderability with: the chapter names no client category yet (AIO client_categories not found), so no outcome can be concluded here · https://be.eu-cm-kg.ai/book/aio.json

Appendix A · ECO market section

ECO · be.eco.v3 · supersedes be.eco.v2 · produced 2026-10-31T01:54:54Z · signed on the node door

The catalogue starts from identifying the duty, obtaining the relevant facts, recognising constraints, supporting an action and preserving evidence. It retains the current page's sourceable information and extends the chapter beyond the page. Each regime is scoped to the instruments, actors and activities its evidence applies to. No tax or settlement value is treated as universal to a market.

competent_authoritiesRegulators, competent authorities and allocation of responsibilityFinancial Services and Markets Authority (FSMA)

source https://www.fsma.be/en · dated not found

duty_mapApplicable product-governance and suitability duties by activity and actor
  • duty
    MiFID II product governance

source https://mcp.getissuer.ai/mcp · dated not found

regulated_activitiesActivities requiring authorisation and their scope
  • 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

source https://www.fsma.be/sites/default/files/media/files/2026-04/fsma_mifid2_en.pdf · dated 2026-04-28

participant_categoriesIssuer, intermediary, investor and client categories
  • 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

source https://www.fsma.be/sites/default/files/media/files/2026-04/fsma_mifid2_en.pdf · dated 2026-04-28

product_categoriesInstrument classes, exclusions and special regimes
  • 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

source https://www.fsma.be/sites/default/files/media/files/2026-04/fsma_mifid2_en.pdf · dated 2026-04-28

issuer_and_listing_scopeDomicile, listing and issuer-status distinctionsnot found
exchanges_and_venuesVenue identities linked to AMP records

source https://live.euronext.com/en/markets/brussels · dated not found

information_storesAuthoritative regulated-information repositoriesSTORI - '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'

source https://www.fsma.be/en/storage-regulated-information-stori · dated not found

store_lookupDocumented lookup methods and identifier requirementsSTORI search ('Go to STORI' link on the FSMA STORI page)

source https://www.fsma.be/en/storage-regulated-information-stori · dated not found

periodic_reportingPeriodic duties, deadlines, triggering events and exceptions
  • 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

source https://www.fsma.be/en/faq/periodic-information · dated not found

ad_hoc_disclosureEvent-driven and inside-information disclosure obligationsFSMA 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)

source https://www.fsma.be/en/faq/inside-information · dated not found

filing_formatsRequired formats, validation requirements and document typesnot found
filing_languagesRequired or accepted languages and translation conditionsnot found
prospectus_regimeOffering and admission requirements, exemptions and thresholdsnot found
product_disclosuresProduct documents and pre-contract information dutiesnot found
takeover_regimeOffer rules, control triggers and shareholder treatmentnot found
short_sellingRestrictions, disclosure, locate or borrowing requirements, emergency measuresnot found
market_abuseInsider dealing, manipulation and related disclosure regimesnot found
trading_controlsMarket-wide trading constraints and intervention powersnot found
market_calendarAuthoritative calendars and exceptional closuresEuronext trading hours & holidays page (cash and derivatives markets open Monday to Friday in 2026 except listed days; Brussels row not separately read)

source https://www.euronext.com/en/trading/trading-hours-holidays · dated not found

halts_sourcesOfficial halt and suspension sources with scopenot found
identifiersSecurity and entity identifier conventions and validation sources
example_isin
BE0390258276
common_code
320801206
clearing
Securities Settlement System, Euroclear Bank SA/NV and Clearstream Banking, S.A.

source 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 · dated 14 October 2025

isin_prefixISIN prefix information and its limits as a jurisdiction indicatorBE - numbering agency SIX Financial Information Belgium S.A./N.V.

source https://anna-web.org/identifiers/ · dated not found

lei_requirementsLegal Entity Identifier requirements and authoritative lookup referencesLEI = unique 20-character alphanumeric code, ISO 17442 (GLEIF); GLEIF page states no general who-must-hold rule

source https://www.gleif.org/en/about-lei/introducing-the-legal-entity-identifier-lei · dated not found

settlementSettlement cycles by instrument and venue, exceptions and transition datesnot found
corporate_actionsRights, elections, notices and procedural deadlinesnot found
retail_accessRetail distribution limits, access restrictions and safeguards
  • measure
    ESMA Guidelines on MiFID II product governance requirements (updated)
    authority
    FSMA
    status
    FSMA will include the guidelines among its supervisory instruments and in its practice

source https://www.fsma.be/en/news/product-governance-requirements-under-mifid-ii-implementation-fsma · dated 05/10/2023

cross_border_accessForeign participation and cross-border offering or service restrictionsnot found
tax_at_sourceWithholding regimes by income, instrument and recipient category; relief conditionsnot found
fees_and_leviesTransaction taxes, statutory levies and relevant chargesnot found
conduct_and_conflictsConduct, inducement and conflict-management duties relevant to distribution
  • duty
    overarching principle
    text
    act honestly, fairly and professionally in your interest
  • duty
    inducements disclosure
    text
    Before providing you with a service, the firm must clearly inform you about the existence, nature and amount of such payments or benefits, or, where the amount cannot be ascertained, the method of calculating that amount

source https://www.fsma.be/sites/default/files/media/files/2026-04/fsma_mifid2_en.pdf · dated 2026-04-28

recordkeepingRetention, evidence, format and reconstruction requirements
  • requirement
    recording of orders
    text
    the firm must record the telephone conversation or the electronic communication. It must inform you in advance of this recording.

source https://www.fsma.be/sites/default/files/media/files/2026-04/fsma_mifid2_en.pdf · dated 2026-04-28

complaints_and_redressComplaint, escalation and redress routes
  • route
    firm complaints procedure and modes of recourse against the firm; investor-compensation scheme
    text
    This information should be provided to you by the firm.

source https://www.fsma.be/sites/default/files/media/files/2026-04/fsma_mifid2_en.pdf · dated 2026-04-28

effective_changesEnacted, proposed and transitional changes, kept distinguishable
  • status
    enacted
    change
    FSMA includes updated ESMA guidelines on MiFID II product governance requirements among its supervisory instruments and in its practice
    date
    05/10/2023

source https://www.fsma.be/en/news/product-governance-requirements-under-mifid-ii-implementation-fsma · dated 05/10/2023

additional_duty_fieldsFurther sourceable duty-relevant fields, introduced through a versioned catalogue extensionnot found

Appendix B · ACM register section

ACM · be.acm.v3 · supersedes be.acm.v2 · produced 2026-10-31T01:46:21Z · signed on the node door

The register revision is incorporated by reference to ACM-68000 (Agent Clearance Manifest) canonical text v1.0 §8.1 and is not redrawn here. These are chapter attachment fields connecting the chapter to that register; they never redefine rule_version, signal meanings or revision internals.

register_revision_refExact immutable revision governed by ACM-68000 §8.1
rule_version
acm-68000/be/mifid-ii-product-governance/r1
path
register/be/acm-68000-be-mifid-ii-product-governance-r1.json
content_hash
sha256:f45220a117df21ea9a1d6b9836b41382d956486ef729a55a2f576fac6122ef9d

source https://www.fsma.be/en/news/product-governance-requirements-under-mifid-ii-implementation-fsma · dated 05/10/2023

register_schema_refAuthoritative register-revision schema and its versionACM-68000 canonical text v1.0 §8.1 — a register revision

source https://acm-68000.org/ · dated 2026-10-30

chapter_evidence_refImmutable chapter version and section from which the revision was produced
chapter
be.chapter.v3
chapter_sha256
sha256:f0a5cda6eb2665b826d42749d40b5a943e2b285677c57b115e45e4e155b20996
sections
  • family
    ECO
    version
    be.eco.v2
    field
    duty_map
    sha256
    sha256:37c55d3fdc0119c45a98efae83693cf3a63b88c5ed328650bd9ca0069021d93a
  • family
    ACM
    version
    be.acm.v2
    sha256
    sha256:f5b60d0517a9a5a25f9904bbb3662496cf9373c2edb626ebb98935048b6ccdb3

source https://mcp.getissuer.ai/mcp · dated 2026-10-31

rule_applicabilityMarket-specific applicability evidence for the referenced revision

source https://www.fsma.be/en/news/mifid-work-programme-product-governance · dated 17/03/2021

shared_revision_refShared-family revisions produced by the apex, where applicable
  • rule_version
    acm-68000/eu/mifid-ii-product-governance/r1
    path
    register/eu/acm-68000-eu-mifid-ii-product-governance-r1.json
    content_hash
    sha256:00fb9967096a93cc500e409b0e1521a207f3c57c7ebea1035f8c986cd387f44d

source https://www.esma.europa.eu/sites/default/files/2023-08/ESMA35-43-3448_Guidelines_on_product_governance.pdf · dated 03/08/2023

national_overlay_refSeparately versioned national additions or exceptions

source https://www.fsma.be/en/news/mifid-work-programme-product-governance · dated 17/03/2021

revision_change_evidenceSources supporting selection or succession of the referenced revision

source https://www.fsma.be/en/news/product-governance-requirements-under-mifid-ii-implementation-fsma · dated 05/10/2023

Appendix C · AIO orderability section

standard AIO-10060 · AI Orderability

AIO · be.aio.v5 · supersedes be.aio.v4 · produced 2026-10-31T22:31:34Z · signed on the node door

The chapter describes the source-backed determination framework. A product-specific orderability result requires the product record, the client category, the relevant evidence and the applicable rule revision; this section never manufactures that result from market membership alone. It adds no field to the deployed receipt.

duty_revision_refApplicable immutable ACM rule revisionGuidelines on MiFID II product governance (2023 revised version) [ESMA35-43-3448] – FSMA (BE) complies or intends to comply: Yes

source 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 · dated 25 October 2024

product_scopeProducts and instrument categories covered by the target-market regime

source https://www.fsma.be/sites/default/files/media/files/2026-04/fsma_mifid2_en.pdf · dated 2026-04-28

target_marketPositive target-market criteria and their applicability
  • criterion
    manufacturers and distributors must identify the potential target markets for their products and determine whether the products they sell and the market strategies they employ are in line with the objectives and needs of their clients, depending on the types of products concerned
    applicability
    FSMA includes the ESMA guidelines among its supervisory instruments and in its practice

source https://www.fsma.be/en/news/product-governance-requirements-under-mifid-ii-implementation-fsma · dated 05/10/2023

negative_target_marketExplicit exclusions or incompatible client characteristicsnot found
distribution_conditionsPermitted distribution methods and constraints

source https://www.fsma.be/sites/default/files/media/files/2026-04/fsma_mifid2_en.pdf · dated 2026-04-28

required_assessmentsSuitability, appropriateness or other assessment requirements and triggers

source https://www.fsma.be/sites/default/files/media/files/2026-04/fsma_mifid2_en.pdf · dated 2026-04-28

product_documentationRequired product, risk and target-market documents

source 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 · dated 14 October 2025

manufacturer_distributor_rolesResponsibilities and information exchange between actors

source https://www.fsma.be/en/news/product-governance-requirements-under-mifid-ii-implementation-fsma · dated 05/10/2023

review_triggersRequired review events and periodic review conditions

source https://www.esma.europa.eu/sites/default/files/2023-08/ESMA35-43-3448_Guidelines_on_product_governance.pdf · dated 03/08/2023

evidence_requirementsEvidence needed to support a scoped outcome
  • requirement
    firms acting as manufacturers and/or distributors should substantiate and document choices made in the context of their product governance arrangements, including with regard to the target market identification and related distribution strategies

source https://www.esma.europa.eu/sites/default/files/2023-08/ESMA35-43-3448_Guidelines_on_product_governance.pdf · dated 03/08/2023

exceptionsSource-backed exceptions with conditions and boundaries

source https://www.esma.europa.eu/sites/default/files/2023-08/ESMA35-43-3448_Guidelines_on_product_governance.pdf · dated 03/08/2023

orderability_profile_refSchema for the product, market and client-class outcome produced under these rulesnot found
sourcesSupporting documents and provenance not attached to a specific field

source https://www.fsma.be/en/news/product-governance-requirements-under-mifid-ii-implementation-fsma · dated 05/10/2023

Appendix D · AMP venue section

standard AMP-10060 · Agentic Market Protocol

AMP · be.amp.v2 · supersedes be.amp.v1 · produced 2026-10-31T02:30:32Z · signed on the node door

Each venue record is keyed by its evidenced Market Identifier Code (MIC). Where an activity has no applicable code, the gap is preserved with a separately typed reference; no code is invented. This section supplies reference information only; it establishes no entitlement, permission to route or order placement. A later permission profile requires its own actor, instrument, action and endpoint evidence.

venue_mic · XBRU

source https://www.iso20022.org/sites/default/files/ISO10383_MIC/ISO10383_MIC.csv · dated 20150427

venue_identityVenue name, operator and authoritative identity evidencenot found
venue_scopeOperating or segment scope, products and jurisdiction bindings
markets
  • Euronext Brussels Securitites Market
  • Euronext Brussels Derivatives Market
status
Regulated Markets

source https://www.euronext.com/sites/default/files/2025-06/Rule%20Book_II_Brussels_EN_2021_New.pdf · dated 3rd SEPTEMBER 2021

rules_pageAuthoritative venue rule sourcenot found
haltsOfficial halt information and applicability scopenot found
clearing_houseClearing relationships by instrument and servicenot found
participant_rolesDefined participant categories and responsibilitiesnot found
market_maker_obligationsSource-backed obligations and exemptions for market makersnot found
gatesDocumented entry, membership and access prerequisitesnot found
sourcesAdditional source-backed venue evidencenot found

venue_mic · ALXB

source https://www.iso20022.org/sites/default/files/ISO10383_MIC/ISO10383_MIC.csv · dated 20240527

venue_identityVenue name, operator and authoritative identity evidence
name
Euronext Brussels
operator
Euronext Brussels S.A./ N.V.
incorporation
a company incorporated under Belgian law
operates
inter alia, the Euronext Growth Market in Brussels, Belgium

source https://www.euronext.com/sites/default/files/2024-04/euronext_growth_harmonised_rulebook_i.pdf · dated 2 MAY 2024

venue_scopeOperating or segment scope, products and jurisdiction bindingsnot found
rules_pageAuthoritative venue rule sourcenot found
haltsOfficial halt information and applicability scopenot found
clearing_houseClearing relationships by instrument and servicenot found
participant_rolesDefined participant categories and responsibilities
  • role
    Liquidity Provider
    definition
    any Member that has been appointed by the Relevant Euronext Market Undertaking, to enhance the market liquidity of a particular Admitted Financial Instrument
    scope
    Euronext Growth Markets (incl. Euronext Growth Brussels)

source https://www.euronext.com/sites/default/files/2024-04/euronext_growth_harmonised_rulebook_i.pdf · dated 2 MAY 2024

market_maker_obligationsSource-backed obligations and exemptions for market makersnot found
gatesDocumented entry, membership and access prerequisitesnot found
reference_endpointsPublic reference locations with purpose and sourcenot found
settlement_linksRelated market or venue settlement records
  • Euronext Securities Milan (designated place of settlement for equities and exchange-traded product trades in euros executed on Euronext Brussels)

source https://www.euronext.com/sites/default/files/2026-03/Euronext%20Securities%20-%20Place%20of%20Settlement%20change%20guidelines%20-%20V.3%20March%202026.pdf?VersionId=7J1SV8LYFoOokaCiEyoO4xlOvH8G0.DF · dated 6th March 2026

change_noticesVersioned rules changes and operational notices
  • title
    Euronext Securities Place of Settlement change guidelines
    version
    V. 3
    change
    The place of settlement change to Euronext Securities Milan will take place on 21 September 2026 for all instruments in scope with a contingency date of 12 October 2026

source https://www.euronext.com/sites/default/files/2026-03/Euronext%20Securities%20-%20Place%20of%20Settlement%20change%20guidelines%20-%20V.3%20March%202026.pdf?VersionId=7J1SV8LYFoOokaCiEyoO4xlOvH8G0.DF · dated 6th March 2026

sourcesAdditional source-backed venue evidence
  • evidence
    Euronext Growth registered as SME Growth Market for shares and bonds by the competent authorities in Belgium (FSMA)

source https://www.euronext.com/en/about/media/euronext-press-releases/euronext-growth-becomes-eu-sme-growth-market · dated 29 October 2019

Appendix E · ESG disclosure section

standard ESG-10060 · Sustainability Disclosure

ESG · be.esg.v2 · supersedes be.esg.v1 · produced 2026-10-31T02:54:20Z · signed on the node door

Sustainability disclosure remains a specialised ECO record with its rules in ACM. A jurisdiction's adoption of a framework is distinct from the framework's application to a particular issuer or period; the schema preserves that distinction and never turns disclosure availability into a sustainability rating.

regimeNamed sustainability-disclosure regime and its scope
name
ESMA guidelines on MiFID II product governance requirements (implementation by the FSMA)
scope
product governance; take into account the latest regulatory developments, in particular as regards sustainable finance

source https://www.fsma.be/en/news/product-governance-requirements-under-mifid-ii-implementation-fsma · dated 05/10/2023

authorityResponsible issuing or supervisory authorities
  • name
    FSMA (Financial Services and Markets Authority)
    role
    will include the ESMA guidelines among its supervisory instruments and in its practice

source https://www.fsma.be/en/news/product-governance-requirements-under-mifid-ii-implementation-fsma · dated 05/10/2023

applicabilityCovered entities, products, thresholds and exemptions
  • entities
    manufacturers and distributors
    requirement
    identify the potential target markets for their products

source https://www.fsma.be/en/news/product-governance-requirements-under-mifid-ii-implementation-fsma · dated 05/10/2023

adoption_stageProposal, adoption, commencement and transitional operation, distinguished
stage
FSMA will include the updated ESMA guidelines among its supervisory instruments and in its practice

source https://www.fsma.be/en/news/product-governance-requirements-under-mifid-ii-implementation-fsma · dated 05/10/2023

effective_datesEffective intervals and staged commencement conditionsnot found
disclosure_dutiesRequired disclosures, reporting periods and filing obligationsnot found
reporting_standardsReferenced disclosure standards and applicable editionsnot found
taxonomyClassification frameworks, criteria and binding statusnot found
climate_requirementsSource-backed climate disclosure requirements and scopenot found
assuranceRequired assurance, qualifications and transition conditionsnot found
filing_store_and_formatAuthoritative destination and required filing formatnot found
interoperabilityRecognised equivalence, mapping or substituted-compliance provisionsnot found
rule_revision_refApplicable immutable ACM disclosure-rule revisionsnot found
sourcesSupporting regime and disclosure evidencenot found