Regulatory Alerts1998-06-09 | D1/17Added · Updated
Circular D1/1707: Article 43ter of the Law of 6 August 1990 on Mutualities and National Unions of Mutualities
This circular informs credit institutions that Article 43ter of the Law of 6 August 1990 prohibits mutualities and national unions from promoting, distributing, or selling banking products or services under any written or tacit agreement. The prohibition applies irrebuttably to such activities, and existing agreements cease to produce effects on the first day of the fourth month following the article's entry into force on 13 March 1998.
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