On 19 April 2021, a draft law on diverse financial provisions (the “Draft Law”) was published. The Draft Law was adopted by the Parliament at the end of May. Amongst other things, it amends the Belgian AIFM Law to integrate the ELTIF fund status
The Commission has released a bumper package of sustainable finance legislation. We have the more or less final version of the Taxonomy screening criteria for climate change, the proposal for the new Corporate Sustainability Reporting Directive
On 9 April 2021, the Commission de Surveillance du Secteur Financier (the « CSSF »), the Luxembourg financial supervisory authority, adopted a circular 20/769 on governance and security requirements for supervised entities to perform tasks or activities through telework (the “Circular”)
In addressing the severe economic impact of the COVID-19 pandemic, the European legislator amended the existing Prospectus Regulation and introduced the new EU Recovery Prospectus.
In connection with the entry into force on 10 March 2021 of the European regulation on sustainability-related disclosures in the financial services sector, the Sustainable Finance Disclosure Regulation ("SFDR"), the Belgian regulator (“FSMA”) has set out a number of practical guidelines
As of 1 January 2021, UK regulated entities are no longer allowed to make use of the European Union (EU) passport mechanism which allowed them to offer financial services across the EU on the basis of free provision of services or by establishing a local branch.
Op 26 januari, heeft de FSMA een mededeling gepubliceerd over de “geschiktheidsverklaring”. Deze mededeling is van belang voor gereglementeerde ondernemingen die beleggingsadvies verstrekken aan niet-professionele cliënten, alsook voor ondernemingen die portefeuilles van niet-professionele cliënten beheren.
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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
Een van de grote uitdagingen van dit moment is om onze economie en bijgevolg de activiteit van onze ondernemingen duurzamer te maken, onder meer door duurzame investeringen te stimuleren.
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.
