Financial law


ICOS in Belgium and Europe : a legal perspective

ICOS in Belgium and Europe : a legal perspective
26/02/2018

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. 

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Reform of security interests over movable assets: is your Belgian collateral under threat?

Reform of security interests over movable assets: is your Belgian collateral under threat?
06/02/2018

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.

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Changes to Belgian SME financing law relevant to financing transactions

Changes to Belgian SME financing law relevant to financing transactions
22/01/2018

A new Law dated 21 December 2017 amends the Belgian Law relating to the financing of small and medium-sized enterprises ( the “SME Financing Law”).

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Mr. Wim Panis
Mr. Jan Bogaert

Important changes to Belgian REITs legislation
10/11/2017

Today(the 9th of November 2017), the Belgian Act amending the Act of 12 May 2014 on regulated real estate companies (the “Reviewed REITs Act”) was published in the Belgian Official Journal.

The complete text of the Reviewed REITs Act can be found here

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Mr. Pieter Dierckx
Mr. Leo Peeters

Chamber approves amendments to the RREC Act
31/10/2017

On 5 October 2017, the bill amending the Regulated Real Estate Companies Act of 12 May 2014 (“GVV-wet”) was approved by the Chamber of Representatives and submitted to the King for ratification.

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Transparency Register – Overview of Foreign Reporting Requirements

Transparency Register – Overview of Foreign Reporting Requirements
30/10/2017

Among other measures designed to combat money laundering and terrorist financing, the 4th Money Laundering Directive requires the EU member states to set up registers of the ultimate beneficial owners of legal entities. 

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Mrs. Elke Janssens

New Protection for Whistleblowers under Financial Law
18/10/2017

Until recently, persons blowing the whistle on breaches of financial legislation were not protected under Belgian law. Consequently, the decision to report a breach often left the whistleblower unemployed. After all, no one likes a tattletale. The Act of 31 July 2017 remedies this situation by introducing protection for whistleblowers who inform on breaches of financial legislation.

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Introduction of UBO-registers in Benelux running late

Introduction of UBO-registers in Benelux running late
06/07/2017

On 26 June 2017 the deadline has passed for the implementation of the European directive on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (the Fourth anti-money laundering directive). 

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The new Belgian Security Act - Amended and postoned

The new Belgian Security Act - Amended and postoned
25/04/2017

The Belgian act of 11 July 2013 with regard to security rights on movable assets (the “Security Act”) is not yet in force. Implementing regulations were expected to organize the pledges register and to correct some inaccuracies and loopholes.

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Introduction of a UBO register in Belgium

Introduction of a UBO register in Belgium
19/04/2017

In execution of the fourth Anti-Money Laundering Directive, the Belgian government has adopted a preliminary bill on March 31, 2017. This preliminary bill introduces a UBO register in which the ultimate beneficiaries of companies and other legal entities need to be identified.

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