Regulatory Alerts2006-02-03
Added · Updated
Royal Decree of 12 January 2006 concerning dematerialized securities of companies
This Royal Decree establishes the regulatory framework for dematerialized securities under the Belgian Companies Code. It designates specific financial institutions, including Belgian credit institutions, stock companies, clearing organizations, and the National Bank of Belgium, as approved account holders. These entities are required to maintain accurate securities accounting using double-entry bookkeeping, notify the Financial Services and Pensions Authority of their activities, and inform account holders of their rights in insolvency proceedings. The decree also formally recognizes the Interprofessional Securities Depository and Clearing House (CIK) and the National Bank of Belgium as clearing organizations for specific securities types and enters into force on 1 January 2006.
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