Regulatory Alerts2024-10-01 | NBB_2024_10Added · Updated
Communication NBB_2024_10 on qualifying holdings in financial institutions
This communication establishes the procedural requirements for persons intending to acquire, increase, reduce, or transfer a qualifying holding in the capital of a financial institution, as well as for current holders. It mandates the use of specific standardized forms, including Form A for prudential assessment of acquisitions, Form B for fit and proper checks, and Forms C, D, and E for notifications of disposal, threshold crossings, or new information. The document applies to a broad range of entities, including credit institutions, stockbroking firms, insurance companies, and payment institutions, and references joint ESA guidelines and ECB SSM procedures for the prudential assessment of these transactions.
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