RegAlert2016-11-30
Added
Royal Decree of 21 November 2016 amending the Royal Decree of 16 March 2009 on the protection of deposits and life insurance by the Special Protection Fund for deposits and life insurance
This Royal Decree updates the Royal Decree of 16 March 2009 to align Belgian deposit protection rules with Directive 2014/49/EU following the transposition by the Law of 22 April 2016. It replaces the Special Protection Fund with the Guarantee Fund for Financial Services, updates definitions including blocked and protected deposits, and aligns excluded deposit categories with the Directive. The decree also clarifies the timing of the Guarantee Fund's intervention for credit institutions and investment firms and ensures uniform coverage levels for all currencies.
NBB published 1 document in the last 30 days — get each new one by email the day it lands.
FEDERAL PUBLIC SERVICE FINANCES
[C − 2016/03420]
21 NOVEMBER 2016. — Royal Decree amending the Royal Decree of 16 March 2009 concerning the protection of deposits and life insurance by the Special Protection Fund for deposits and life insurance
REPORT TO THE KING
Sire,
On 12 May 2016, the Belgian State Gazette published the Law of 22 April 2016 transposing Directive 2014/49/EU on deposit guarantee schemes and containing various provisions. That Directive is a recast of the previous Directive on deposit guarantee schemes (Directive 94/19/EC, amended by Directive 2009/9/EU) and modifies a number of existing rules or updates them with a view to better protection of the depositor and greater European harmonisation.
Read the rest free, and get an email when NBB publishes again
Lineage: In force
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
More like this from NBB
NBB published 1 document in the last 30 days. We email you each new one the day it's published.