On 26 January this year, the FSMA published a communication on the "suitability statement". This communication is of relevance for regulated firms providing investment advice to retail clients as well as for firms managing retail client portfolios.
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In September 2020, the European Commission adopted the Digital Finance Package, including a digital finance strategy and legislative proposals on crypto-assets and digital resilience, for a competitive EU financial sector that gives consumers access to innovative financial products, while ensuring consumer protection and financial stability
Un des grands défis de nos jours consiste à rendre notre économie et donc les activités de nos entreprises plus durables, entre autres, en favorisant les investissements durables.
With up to 6 governments defaulting on their bonds this year, sovereign debt restructuring is topical. In this context so-called ‘vulture funds’ may be targeted by legislation capping the gains that they can obtain from litigation.
In recent years, insurance and reinsurance companies have taken an increasing interest in using the services of cloud service providers. This has led the Belgian National Bank to issue 15 recommendations to provide further guidance for institutions outsourcing their activities to cloud service providers to avoid undue operational risks.
Yesterday, 24 November 2020, the new law on basic banking services for businesses has been published in the Belgian Official Journal. This law voted on 22 October 2020 by the Belgian Parliament introduces a right to basic banking services for companies in Book VII of the Economic Law Code.
Recently a resolution on crowdfunding platforms has been adopted. This resolution introduces uniform rules at European level for European Crowdfunding Service Providers (ECSP). The aim is to address the obstacles to cross-border crowdfunding in order to foster cross-border business funding.
The National Bank of Belgium (NBB) has issued fifteen recommendations for cloud service providers in the insurance sector, which will apply as from 1 January 2021.
On 24 April 2020, the European Insurance and Occupational Pensions Authority (EIOPA) issued new guidelines on outsourcing to cloud service providers (the "Guidelines") which apply to insurance and reinsurance undertakings
Ce jeudi 16 juillet 2020, la Chambre des représentants a entériné le projet de loi « portant des dispositions diverses relatives à la prévention du blanchiment de capitaux et du financement du terrorisme et à la limitation de l’utilisation des espèces » (Doc. parl. n° 55-1324/009).
