Regulatory Alerts2016-12-01
Instruction No. 2016-I-24 of December 1, 2016 on the collection of information on exposures to Belgian residential real estate arising from free provision of services
The Prudential Control and Resolution Authority (ACPR) issued Instruction No. 2016-I-24 to implement the reciprocity of Belgian macroprudential measures by requiring specific financial entities to report their exposures to Belgian residential real estate. The instruction mandates that parent undertakings, financial holding companies, and credit institutions established in France submit annual data on mortgage and secured loans via a standardized Excel template by June 30. Exemptions apply for entities with exposures below one billion euros, and transitional provisions were established for the initial reporting year of 2016.
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