Regulatory Alerts2024-10-14 | NBB_2024_15Added · Updated
External channel for reporting of breaches of the legislation supervised by the NBB
The National Bank of Belgium establishes procedural rules for receiving and handling external reports of breaches of financial legislation supervised by the NBB and the ECB, implementing the Act of 28 November 2022 on whistleblower protection. The circular mandates that reports be acknowledged within seven days and outlines specific confidentiality obligations, protection measures against retaliation, and feedback mechanisms for reporting persons. It defines the material and personal scope of application, covering financial institutions such as credit institutions and insurance companies, while excluding matters related to national security, classified data, and professional privileges.
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