We summarise the most important aspects of cross-border financial services post-Brexit contained in a draft bill submitted to Parliament and a communication by the FSMA in this respect. On 19 February 2019 a bill on the withdrawal of the UK from the European Union was submitted to Parliament.
Les offres initiales de jetons, ou Initial Coin Offerings, sont des opérations de levées de fonds effectuées à travers une technologie de registre distribué (DLT) qui donnent lieu à une émission de jetons numériques (« tokens »).
Given the latest political developments in the UK, a hard Brexit is becoming a more tangible reality. Belgian financial institutions doing business in the UK will be severely affected in a no-deal scenario
The Belgian regulator has published a draft law amending the law of 4 April 2014 on insurances, which will create a new regulatory framework for managing general agents (“MGAs”) in Belgium (“Proposal”).
On 19 April 2018, the European Parliament adopted the proposal for the fifth Anti-money Laundering (AML) Directive, which will make a number of changes to the fourth AML Directive, implemented in Belgium by the Anti-money Laundering and Terrorist Financing Act and in effect since 16 October 2017.
On 22 May 2018, the European Securities and Markets Authority (“ESMA”) adopted two decisions implementing temporary product intervention measures.
De taks op effectenrekeningen werd vorige zomer aangekondigd en heeft sindsdien veel inkt doen vloeien. In een publicatie van 5 oktober 2017 hadden we het reeds over de aspecten van deze hervorming die een impact hebben voor de investeerders.
On 16 October 2017, new, more flexible rules on cash payments came into force, introduced by the Law of 18 September 2017 on the prevention of money laundering and terrorist financing and the restriction on the use of cash.
The term ICO stands for ‘Initial Coin Offering’, a rather obvious reference to IPOs (‘Initial Public Offering’). Like IPOs, ICOs can be described as a means of raising public funds.
The reform of security interests over movable assets finally took effect on 1 January 2018. The original law dated 11 July 2013 (the “Law”) was meant to enter into force by late 2014 but experienced repetitive delays.
