Circular D4 2000/3 Regulation on Own Funds of Securities Firms (Coordinated Version)

COMMISSION BANCAIRE ET FINANCIERE Prudential Supervision of Investment Firms 99 Louise Avenue, B-1050 Brussels telephone +32(2)535.22.11 - fax +32(2)535.24.96 Brussels, August 24, 2000 CIRCULAR D4 2000/3 TO SECURITIES FIRMS Regulation on Own Funds of Securities Firms

• - Madam, Sir, By my circular letter D4/EB/1147 of July 24 last, I transmitted to you, for information and pending approval by the competent ministers, the Commission's decree of July 4, 2000, amending the decrees of December 5, 1995, relating to the own funds of credit institutions and securities firms, as well as a brief commentary on the modifications made by this decree. The amending decree of the Commission has since been approved by the Ministers of Finance and the Economy by ministerial decree of August 3, 2000, and published in the Belgian Monitor of August 15, 2000. I also inform you that the Commission's services have prepared an updated coordinated version of the regulations relating to the own funds of credit institutions (decree, commentary) and securities firms (decree, commentary) (unofficial coordination), as well as the associated commentary. These texts can be consulted on the website of the Banking and Financial Commission (www.cbf.be) and will also be published in brochure form. An adaptation of the report on the regulation relating to the own funds of securities firms is currently being prepared. I am sending a copy of this letter to your auditor(s). Please accept, Madam, Sir, the expression of my distinguished sentiments. The President, J.-L. Duplat.