Regulatory Alerts2013-03-04
Added · Updated
Royal Decree of 20 February 2013 amending the Royal Decree of 15 May 2003 on the expedited procedure before the Council of State against certain decisions of the former Banking and Finance Commission and the Regent's Decree of 23 August 1948
This Royal Decree amends the procedural rules for expedited appeals before the Council of State regarding decisions by the Financial Services and Markets Authority (FSMA) and the National Bank of Belgium. It explicitly extends the expedited procedure to decisions taken by the National Bank of Belgium under Article 36/22 of the Law of 22 February 1998, aligning it with the existing scope for FSMA decisions. The decree also removes the mandatory prior request for reconsideration as a prerequisite for filing an appeal, thereby simplifying the process and ensuring procedural economy. A transitional provision ensures that administrative acts continue to correctly inform parties of their right to appeal and the applicable deadlines during the transition.
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