Beursrecht


Q&A – Brexit impact on financial services in Belgium

Q&A – Brexit impact on financial services in Belgium
24/03/2021

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.

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Star Wars – The Evolving SPACs Galaxy

Star Wars – The Evolving SPACs Galaxy
04/11/2020

The first Special Purpose Acquisition Companies (SPACs) emerged in the US some time ago (1990s). Since then, there have been several waves of SPACs, and their rippling effects have certainly reached Europe in the meantime.

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Een nieuw instrument voor investor relations: aandeelhoudersidentificatie

Een nieuw instrument voor investor relations: aandeelhoudersidentificatie
29/10/2020

Vandaag kent een beursgenoteerde vennootschap haar kleine aandeelhouders enkel indien ze hun aandelen op naam aanhouden of indien ze aan de algemene vergadering deelnemen

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Brexit – ESMA clarifies its position on trade reporting in a no-deal climate

Brexit – ESMA clarifies its position on trade reporting in a no-deal climate
26/02/2019

In a bid to clarify the reporting obligations of trading data following a no-deal Brexit, the European Securities and Markets Authority (“ESMA”) has published a statement providing guidance on how trading data between the United Kingdom and the European Union should be handled.

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European Systemic Risk Board on liquidity and leverage risks in investment funds

European Systemic Risk Board on liquidity and leverage risks in investment funds
22/02/2018

On 14 February 2018, the European Systemic Risk Board (ESRB) published a Recommendation addressed to the European Securities and Markets Authority (ESMA) and the EU Commission on actions to address systemic risks related to liquidity mismatches and the use of leverage in investment funds.

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Beurstaks: nu ook van toepassing op verrichtingen in het buitenland!

Beurstaks: nu ook van toepassing op verrichtingen in het buitenland!
07/04/2017

Tot en met 31 december 2016 was de beurstaks in principe louter verschuldigd bij verrichtingen met tussenkomst van een professionele tussenpersoon gevestigd in België. Met ingang van 1 januari 2017 is voortaan ook beurstaks verschuldigd op transacties waarbij het order aan een in het buitenland gevestigde tussenpersoon wordt gegeven. Deze uitbreiding van het toepassingsgebied brengt verscheidene implementatie- en interpretatieproblemen met zich mee, zowel voor de Belgische ordergevers als voor de buitenlandse financiële tussenpersonen.

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De nieuwe Belgische GVBF kan eindelijk worden opgericht

De nieuwe Belgische GVBF kan eindelijk worden opgericht
10/01/2017

Het koninklijk besluit met betrekking tot het regelgevend kader voor het nieuwe Belgische ‘Gespecialiseerd Vastgoedbeleggingsfonds’ (GVBF) werd eindelijk in het Belgisch Staatsblad bekend gemaakt. Belgische en Internationale vastgoedbeleggers kunnen een GVBF creëren sinds december 2016.

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Leveraged CFD and binary options banned from Belgian market

Leveraged CFD and binary options banned from Belgian market
11/08/2016

In furtherance to our eAlert on the “Distribution of certain derivative financial instruments to retail clients: a prospective ban?”, the Financial Services and Markets Authority’s (“FSMA”) Regulation on the distribution of derivatives contracts (the “Regulation”) was approved by a Royal Decree dated 21 July 2016. 

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 Market Abuse Regulation has entered into force

Market Abuse Regulation has entered into force
05/07/2016

As of 3 July 2016, the new Market Abuse Regulation (MAR) has entered into force in Belgium and across Europe. It repeals and replaces the existing regime of the Market Abuse Directive and its implementing legislation.

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Mrs. Elke Janssens

Proposal for a New Regulation Repealing the Prospectus Directive
15/12/2015

On 30 November 2015, the European Commission published a proposal to replace the existing Prospectus Directive (Directive 2003/71/EC) with a regulation. The proposal for the new Prospectus Regulation forms part of the European Commission's plan to establish a Capital Markets Union by 2019. The proposed regulation covers the entire life-cycle of companies, from the start-up stage until maturity as frequent issuers on regulated markets, while striking a balance between eliminating unnecessary administrative burdens for issuers and ensuring investor protection through the provision of adequate information. According to the Commissioner for Capital Markets Union Jonathan Hill, the proposed Prospectus Regulation "will make the system simpler, cheaper and quicker".

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