Belgium: Financial Services

The European Union has adopted its 20th package of sanctions against Russia, alongside parallel measures targeting Belarus, marking a significant escalation in economic pressure.

The European Union is implementing its most comprehensive overhaul of payment services regulation since PSD2, merging payment services and electronic money frameworks into a unified system through the new Payment Services Regulation and Third Payment Services Directive. This reform introduces mandatory fraud prevention measures, a harmonized authorization regime, and enhanced open banking requirements that will fundamentally reshape compliance obligations for financial institutions across the EEA.

A key point that market participants should be clear on from the outset: AIFMD II brings changes to the regulatory framework applicable to both Alternative Investment Funds (AIFs)...

The European Union ("EU") Anti-Money Laundering ("AML") package adopted by the European Parliament and the Council on May 31, 2024, represents a major shift in the fight against money laundering...

On 20 December 2024, the Belgian Parliament adopted the law transposing Directive (EU) 2021/2167 on credit servicers and credit purchasers...

The EBA has published its updated methodology for the assessment of regulatory and supervisory frameworks of non-EU countries. The changes seek to reflect amendments to the revised CRR and CRD.

The legal interest rate is revised on an annual basis according to a rule decided by law. Since 2014, the legal interest rate evolved as follows...

Le taux d'intérêt légal est revu chaque année selon une méthode fixée par la loi.

Employees who are provided with a company car are taxed on a fixed-rate benefit in kind. This benefit in kind does not change even if the employer also provides a fuel card.