Rule · NBB · 13 Dec 2021

Royal Decree implementing Article 677 of the Law of 13 March 2016 on the status and supervision of insurance or reinsurance undertakings

Insurance mutual companies are exempted from the obligations set out in Article 83/1, first paragraph, of the Law of 13 March 2016, provided that this exemption does not compromise the adequacy of their governance system, specifically the adequacy of their supervisory structures over effective management and the collegiality of that management. The Office for the Control of Mutual Funds and National Unions of Mutual Funds is responsible for monitoring compliance with this condition. The decree enters into force on 19 July 2021.

BelgiumNational Bank of Belgium

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Law of 13 March 2016 on the statusof and supervision over insurance…Not in RegAlertLaw of 13 March 2016 on the status of and supervision over insurance or reinsurance undertakings — Not in RegAlertLaw of 6 August 1990 concerningmutual funds and national unions …Not in RegAlertLaw of 6 August 1990 concerning mutual funds and national unions of mutual funds — Not in RegAlertRoyal Decree implementingArticle 677 of the Law of 13 …2021-12-13 · this documentRoyal Decree implementing Article 677 of the Law of 13 March 2016 on the status and supervision of insurance or reinsurance undertakings (2021-12-13)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (2)
Issued under
  • Law of 13 March 2016 on the status of and supervision over insurance or reinsurance undertakingsNot in RegAlert

    “Having regard to the Law of 13 March 2016 on the status of and supervision over insurance or reinsurance undertakings, Article 677;”

  • Law of 6 August 1990 concerning mutual funds and national unions of mutual fundsNot in RegAlert

    “Having regard to the Law of 6 August 1990 concerning mutual funds and national unions of mutual funds, Article 52, first paragraph, 11°, inserted by the Law of 26 April 2010 and amended by the Laws of 17 July 2015 and 13 March 2016;”

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