RegAlert2022-06-29
Added
Regulation of the National Bank of Belgium of 1 April 2014 on proprietary trading activity
The regulation prohibits proprietary trading activities for credit institutions and investment firms, defining them as transactions executed with the intention of short-term resale or profit from market price differences. It establishes specific exemptions for investment portfolio management, liquidity management, market-making, and hedging activities, provided they meet strict governance, risk management, and reporting requirements. Entities must demonstrate that exempted transactions are not conducted by trading desks and maintain hierarchical separation from proprietary trading units to prevent excessive risk-taking.
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Title
2014A03191
1 APRIL 2014. - Regulation of the National Bank of Belgium on proprietary trading activity (NOTE: Consultation of previous versions from 07-05-2014 and update as of 01-09-2022)
Source: Finances
Publication: 7 May 2014
Number: 2014A03191
page: 36996
Case Number: 2014-04-01/05
Entry into force: 7 May 2014
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Lineage: In force
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
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