RegAlert2024-03-12 | NBB_2024_04Added
Circular NBB_2024_04 / New governance manual for stockbroking firms
The National Bank of Belgium issues a governance manual for stockbroking firms governed by Belgian law, excluding large firms in classes 1A and 1B, as well as branches of firms from non-EEA states and specific investment holding companies. The manual transposes EBA guidelines 2021/14 and 2021/13 into Belgian law, covering shareholder qualities, senior management requirements, organizational structure, group governance, and prudential reporting. These prudential expectations apply with immediate effect, and the manual serves as a living publication that adapts to amendments in underlying governance documents.
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NBB_2024_04 – 12 March 2024 Circular - Page 1/2 boulevard de Berlaimont 14 - BE-1000 Brussels tel. +32 2 221 44 74 company number: 0203.201.340 RPM Brussels www.bnb.be Circular Brussels, 12 March 2024 Reference: NBB_2024_04 your correspondent:
Nicolas Strypstein tel. +32 2 221 44 74 nicolas.strypstein@nbb.be New governance manual for stockbroking firms Scope
- Stockbroking firms governed by Belgian law, with the exception of large stockbroking firms in classes
1A and 1B, which are subject to the provisions of the Banking Act 1 - Branches established in Belgium of stockbroking firms governed by the law of non-Member States of
the European Economic Area - Investment holding companies and mixed financial holding companies governed by Belgian law that
are part of a group of investment firms
Summary/Objectives
The National Bank of Belgium (hereinafter “the Bank”) has decided to issue a governance manual for stockbroking firms. This manual has two objectives: on the one hand, to list all the relevant governancerelated documents applicable to stockbroking firms and, where necessary, to clarify their content; and, on the other hand, to transpose into Belgian law EBA guidelines 2021/14 on internal governance for investment firms and EBA guidelines 2021/13 on sound remuneration policies. The prudential expectations set out in this manual are applicable with immediate effect. 1 A stockbroking firm that: - meets the conditions set out in Article 1(2)(a) or (b) of Regulation (EU) 2019/2033;
- is the subject of a decision by the Bank pursuant to Article 91 of the Banking Act or Article 1(5) of Regulation
(EU) 2019/2033; or - is the subject of a decision taken by the competent authority of the Member State in which the stockbroking
firm is authorised, with a view to transposing Article 5 of Directive (EU) 2019/2034 or pursuant to Article 1(5) of Regulation (EU) 2019/2033. f flBanqueNutionaleBank DE BE.GIQUE VAN BELGIE Eurosystem n‘Ì BanqueNutionuleBank DE BEI.GIOUE VAN BELGIË Eurosystem
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Source: National Bank of Belgium — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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