Regulatory Alerts2026-06-08 | NBB_2026_10Added · Updated
Framework of permitted services for depositary banks
The National Bank of Belgium clarifies the scope of activities permitted for custodian banks, which are credit institutions established in Belgium authorized to provide custody, account maintenance, and settlement services for securities. Permitted ancillary activities include receiving deposits and granting credit from securities account holders, providing short-term cash credit, payment services, and non-banking services such as collateral management and IT services. The regulator may authorize additional activities on an individual basis if they fall within the scope of custodian services, share similar risk profiles, or are marginal with robust risk transfer mechanisms in place.
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