Regulatory Alerts2015-06-11
Royal Decree of 11 June 2015 designating the competent authority for central securities depositories
The Belgian government issued this Royal Decree to implement EU Regulation 909/2014 by designating the National Bank of Belgium as the primary competent authority for authorizing and prudentially supervising central securities depositories. The Financial Services and Markets Authority retains concurrent supervisory powers regarding market conduct, investor protection, and specific operational rules within those depositories. The decree establishes a collaborative framework requiring the National Bank of Belgium to seek the FSMA's advice on matters falling within its competence.
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