Events listed in Belgium
Arrêté royal concernant les exigences prudentielles applicables aux OPCC et aux ...
ID 26564
On 27 December 2023, Royal Decree of 12 December 2023 approving the FSMA Regulation of 15 November 2023 on prudential requirements for management companies of collective investment undertakings meeting the conditions of Directive 2009/65/EC and alternative investment fund managers, and the FSMA Regulation of 15 November 2023 on periodic information concerning prudential requirements for management companies of collective investment undertakings meeting the conditions of ...
Newsletter: 2023 reporting on continuing professional education
ID 26510
The FSMA published a newsletter, aimed at financial intermediaries and credit providers concerning the 2023 reporting on continuing professional education. In this context, the FSMA had previously simplified procedures for the 2022 reporting, introducing a declaration of honor. Building on this, the administrative simplification for reporting on recycling obligations in 2023 goes a step further. Notably, the need for document uploads in the Cabrio ...
National Bank of Belgium confirms previous decisions on the countercyclical capital ...
ID 26176
The National Bank of Belgium, in adherence to Article 5 §2 Annex IV to the Banking Law, has resolved to maintain the countercyclical buffer rate for exposures in Belgium at 1.0%. This macroprudential tool aims to alleviate cyclical systemic risks and counter pro-cyclicality in lending, bolstering banks‘ resilience. The buffer rate, expressed as a percentage of risk-weighted assets, typically ranges from 0 to 2.5% ...
Sustainability: The FSMA has published a Communication to help listed companies get ...
ID 25981
The FSMA published Communication FSMA_2023_26, offering an in-depth overview of the expanded information obligations imposed on listed companies in the realm of sustainability, as derived from the CSRD. The primary focus is on the transposition of the European provisions on sustainable finance into Belgian law, specifically highlighting the gradual implementation of **new disclosure requirements for listed companies, set to commence from the 2024 financial ...
Launch of a DORA awareness survey
ID 25772
The FSMA launched an Awareness Survey concerning DORA, which became effective on 16 January 2023. The regulatory obligations imposed by DORA will be applicable from 17 January 2025. DORA aims to establish uniform requirements regarding the security of networks and information systems supporting the operational processes of financial entities. Its primary objective is to enhance the management of ICT risks, thereby increasing resilience against ...
Updated FAQs on the entry into force of the Delegated Regulation supplementing the ...
ID 25770
On 13 November 2023, the FSMA published an update to the FAQs on the entry into force of the SFDR RTS, which supplements the SFDR with regulatory technical standards (see event id=19366). These FAQs, applicable to Belgian law-governed companies offering UCI management services, address SFDR RTS requirements. Initially published on 24 January 2023, the FAQs focus on UCITS management firms, self-managed UCITS, and AIF ...
New Communication with FAQs about UCITS
ID 25488
The document FSMA_2023_25 provides a new set of FAQs aimed at assisting UCITS and their management companies in implementing relevant legal provisions. This includes the Law of 3 August 2012 on collective investment entities fulfilling conditions of Directive 2009/65/EC and investment undertakings in receivables, along with its implementing provisions. The scope of these Q&A encompasses both Belgian and foreign UCITS. Belgian public AIFs with ...
Outsourcing handbook
ID 25364
The Outsourcing handbook (FSMA_2023_24) provides practical guidance on outsourcing for SGPCIs and SGs of any function. It emphasizes that while outsourcing can bring expertise and cost efficiencies, it does not diminish the responsibility of the firm’s management to adhere to sound governance principles. The FSMA oversees the adequacy of the organization to ensure compliance with applicable laws, including outsourced activities. The guidelines stress the ...
Nouvelle formation sur les fonds d’investissement
ID 25249
BEAMA, in collaboration with Febelfin Academy, is committed to supporting a robust and healthy asset management sector, particularly focusing on competent professionals. To achieve this, they have developed a one-day training program for professionals on the fundamentals of investment funds. This training covers key aspects, including the concept and types of investment funds, the fund’s ecosystem (organizational structure, governance, and parties involved), fund docume ...
Guidelines on policies and controls for the effective management of ML/TF risks ...
ID 25116
By issuing FSMA_2023_20, the FSMA has decided to implement the EBA Guidelines on policies and controls for managing ML/TF risks when providing access to financial services (EBA/GL/2023/04), which were issued on 31 March 2023. These guidelines address the issue of ‚de-risking,‘ which pertains to the denial of financial services to specific customer groups due to heightened ML/TF risks. According to the guidelines, **a customer ...