Regulatory Alerts2006-10-27
Law of 27 October 2006 on the supervision of institutions for occupational retirement provision
The Belgian legislature enacted this law to transpose Directive 2003/41/EC and establish a regulatory framework for institutions managing occupational retirement benefits. The Banking, Finance and Insurance Commission (CBFA) is designated as the competent authority to supervise these institutions, which must primarily operate as separate legal entities known as Pension Financing Organizations. The legislation defines the governance structures, membership rights, and operational obligations required to ensure the proper management of pension schemes and the protection of beneficiaries.
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