Regulatory Alerts2024-03-12 | NBB_2024_04Added · Updated
New governance manual for stockbroking firms
The National Bank of Belgium establishes a governance manual for stockbroking firms governed by Belgian law, excluding large firms in classes 1A and 1B, as well as branches of non-EEA firms and specific investment holding companies. The manual transposes EBA guidelines 2021/14 on internal governance and 2021/13 on sound remuneration policies into Belgian law, listing applicable governance documents and clarifying their content. It covers requirements for shareholders, senior management, independent control functions, group-level governance, and prudential reporting on transparency. These prudential expectations are applicable with immediate effect.
Topics
Share