Regulatory Alerts2000-07-24
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Circular D4/EB/1147: Adaptation of the Regulation on Own Funds for Stockbroking Companies
The Belgian Banking and Financial Commission informs stockbroking companies of modifications to the December 5, 1995 regulation on own funds to align with European directives 98/31/EC, 98/32/EC, and 98/33/EC. Key changes include a 50% risk weight for mortgage-backed securities and specific commercial mortgages, a market-value-based replacement cost calculation for derivatives, and the introduction of capital requirements for base metal risks. The circular also removes the 2% exemption threshold for currency risk coverage by 2005, establishes a specific regime for real estate bonds, and eliminates concentration risk limits for linked enterprises under consolidated supervision. These provisions are expected to enter into force on July 21, 2000, pending ministerial approval.
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