RegAlert2017-12-27
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Royal Decree of 19 December 2017 laying down the rules and procedures for transposing the Directive on markets in financial instruments
This Royal Decree partially transposes the EU Directive on markets in financial instruments (MiFID II) and its Delegated Directive into Belgian law. It defines professional clients and eligible counterparties, and establishes organizational rules for algorithmic trading, direct electronic access, and clearing member activities. The decree mandates strict safeguards for client financial instruments and funds, including segregation and deposit requirements, and imposes detailed governance rules for product providers. It also regulates inducements, requiring regulated entities to ensure that fees and non-monetary benefits improve service quality and do not harm client interests, with specific prohibitions on accepting non-monetary benefits for independent investment advice.
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Title
2017032214
19 DECEMBER 2017. - Royal Decree laying down the rules and procedures for transposing the Directive concerning markets in financial instruments (NOTE: Consultation of versions prior to 27-12-2017 and updated to 19-06-2024)
Source: Finances
Publication: 27 December 2017
Number: 2017032214
page: 114825
File number: 2017-12-19/04
Entry into force: 3 January 2018
Erratum: Publication of 12 January 2018, number 2018030130, page 1498 image of the official publication
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Lineage: In force
Show all related documents (11)
- Issued under
- Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (recast) Text with EEA relevance2014
- Refers to
- Directive (EU) 2016/2341 of the European Parliament and of the Council of 14 December 2016 on the activities and supervision of institutions for occupational retirement provision (IORPs) (recast) (Text with EEA relevance)2016Commission Delegated Regulation (EU) 2017/565 of 25 April 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive (Text with EEA relevance. )2016Commission Delegated Directive (EU) 2017/593 of 7 April 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to safeguarding of financial instruments and funds belonging to clients, product governance obligations and the rules applicable to the provision or reception of fees, commissions or any monetary or non-monetary benefits (Text with EEA relevance. )2016Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012 (Text with EEA relevance)2015Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC Text with EEA relevance2014Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories Text with EEA relevance2012
+4 more
Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) (recast) (Text with EEA relevance)2009Directive 2004/109/EC of the European Parliament and of the Council of 15 December 2004 on the harmonisation of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market and amending Directive 2001/34/EC2004Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003 on the prospectus to be published when securities are offered to the public or admitted to trading and amending Directive 2001/34/EC (Text with EEA relevance)2003Directive 2003/41/EC of the European Parliament and of the Council of 3 June 2003 on the activities and supervision of institutions for occupational retirement provision2003
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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