Circular on the practical rules for the application of Article 36bis of the Royal Decree of 23 September 1992 on the annual accounts of credit institutions, investment firms and management companies of undertakings for collective investment

The document establishes practical rules for applying Article 36bis of the Royal Decree of 23 September 1992, as amended by the Royal Decree of 29 August 2021, to credit institutions governed by Belgian law. It defines conditions for micro-hedging and macro-hedging transactions, requiring prior authorization from the Bank for the latter and mandating specific governance, documentation, and effectiveness verification standards. Institutions holding individual derogations must apply for authorization by 31 March 2022 to continue applying specific accounting rules for macro-hedging after 31 December 2022, while existing derogations remain valid until that date.

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NBB_2021_20 – 5 October 2021 Circular – Page 1/21 boulevard de Berlaimont 14 – BE-1000 Brussels Phone: + 32 2 221 54 65 Company number: 0203.201.340 RPM (Trade Register) Brussels www.nbb.be Circular Brussels, 5 October 2021 Reference: NBB_2021_20 Contact person:
Michel Colinet (Phone + 32 2 221 37 17) michel.colinet@nbb.be Circular on the practical rules for the application of Article 36bis of the Royal Decree of 23 September 1992 on the annual accounts of credit institutions, investment firms and management companies of undertakings for collective investment Scope  Credit institutions governed by Belgian law.

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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