RegAlert2016-11-30
Added
Royal Decree of 21 November 2016 on information obligations to depositors regarding deposit guarantee
This Royal Decree implements Article 383 of the Law of 25 April 2014 and transposes specific articles of Directive 2014/49/EU into Belgian law. It defines the information obligations that credit institutions must fulfill for depositors concerning the Belgian deposit guarantee scheme, including standardized information sheets and precise definitions of terms such as 'deposits' and 'depositors'. The decree establishes transition periods for communication deadlines, reducing them from seven to four working days between 2016 and 2023, and designates the FSMA as the competent authority for supervision. It enters into force upon publication in the Belgian State Gazette and applies to pending deposit repayment requests.
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Art. 52. Article 37 of the same Royal Decree is repealed.
Art. 53. Article 38 of the same Royal Decree is supplemented with the words: "also information on their historical structure".
Art. 54. The heading of section 5 of the same Royal Decree is replaced as follows: "Section 5. Final provisions and miscellaneous provisions".
Art. 55. Article 39 of the same Royal Decree, amended by the Royal Decree of 1 June 2011, is replaced as follows:
« Art. 39. The communication deadline for the information referred to in Article 14/1, § 1, second paragraph is determined as follows:
a) seven working days until 31 December 2018; b) five working days for the period running from 1 January 2019 to 31 December 2020; c) four working days for the period running from 1 January 2021 to 31 December 2023. ».
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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
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