RegAlert2020-09-11
Added
Royal Decree of 31 July 2020 Approving the Regulation of the National Bank of Belgium of 12 May 2020 on the Location for the Storage of Insurance or Reinsurance Documents
Insurance and reinsurance companies must obtain simplified authorization from the National Bank of Belgium to store documents at a location other than their registered office within Belgium or the European Economic Area. For electronic storage, companies must maintain permanent access, respond to regulatory requests within two working days, retain control over risk profile changes, ensure data integrity and GDPR compliance, and submit a detailed dossier including service provider agreements. For paper storage, documents from the same portfolio must be kept together in accessible locations that meet specific protection measures, with similar notification and approval procedures applying.
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Royal Decree of 31 July 2020 Approving the Regulation of the National Bank of Belgium of 12 May 2020 on the Location for the Storage of Insurance or Reinsurance Documents (Official Gazette 11 September 2020 Unofficial Coordination 11 September 2020)
Royal Decree of 31 July 2020 Approving the Regulation of the National Bank of Belgium of 12 May 2020 Concerning the Storage Location of Insurance or Reinsurance Documents (Moniteur Belge 11 September 2020 Unofficial Coordination 11 September 2020)
PHILIPPE, King of the Belgians,
To all, present and future, Greetings.
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Lineage: In force
Show all related documents (7)
- Amends
- Regulation dated 2020-05-12not in RegAlert
- Issued under
- Law dated 1998-02-22not in RegAlertLaw dated 2014-04-04not in RegAlertLaw dated 2016-03-13not in RegAlertRegulation dated 2014-04-04not in RegAlertRegulation dated 2016-03-13not in RegAlert
- Refers to
- Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (General Data Protection Regulation) (Text with EEA relevance)2016
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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