Regulatory Alerts2017-12-28
Added · Updated
Royal Decree of 21 December 2017 approving the Regulation of 12 December 2017 of the National Bank of Belgium
This Royal Decree approves the National Bank of Belgium's regulation amending the March 2014 implementation rules for EU Regulation No 575/2013, effective 1 January 2018. It restricts the application of specific prudential articles to credit institutions and investment firms not under the direct supervision of the European Central Bank. The amendment introduces a 1250% risk weight for qualifying participations exceeding 15% and 60% of eligible capital, mandates the 'more-than-90-days past due' rule, and requires the use of mark-to-market valuation for certain transactions. Additionally, it defines exemption conditions for exposures to central bodies or regional entities within support networks and repeals Articles 7, 8, and 19 of the original regulation.
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