Belgium: Financial Services

The Belgian legislator has completed the implementation of AIFMD II through the Law of 22 July 2026, introducing significant regulatory changes for investment funds and their managers. Beyond the mandatory transposition, Belgium has introduced welcome flexibilities including expanded permitted activities for UCITS management companies and AIFMs, streamlined share class creation processes, and relaxed fit and proper requirements for certain fund managers.

The European Union's new CRD VI directive fundamentally reshapes how US banks can conduct corporate lending across EU Member States, introducing mandatory branch licensing requirements that eliminate...

Belgium has adopted its CRD VI transposition law, introducing a harmonised regime that requires non-EEA banking institutions to establish NBB-authorised branches when providing core banking services in Belgium. The new framework, which takes effect on 11 January 2027, marks a significant shift from Belgium's previous approach that generally permitted cross-border lending without local authorisation.

The EU has introduced Delegated Regulation (EU) 2025/1190, establishing the first harmonized standards for threat-led penetration testing ("TLPT") across the financial sector.

The legislative process to revise the PSD2 has reached its next stage: the Council published its stance on the draft legislation.

Legal regulations. From sales and liquidation sales to special offers, coupons, contests and price comparisons, retailers must strike a balance between effective marketing and legal compliance.

On 3 March 2024, the EU Council and Parliament approved Regulation 2024/886 on instant credit transfers in euro, also called the Instant Payments Regulation (IPR).

In the dynamic landscape of finance, securitisation has undergone a remarkable transformation over the past fifteen years, transcending from obscurity to a concept ingrained in the collective consciousness.

On 9 June 2023, the European Union published Regulation (EU) 2023/1115 on the making available on the Union market and the export from the Union of certain commodities and products associated...