Regulatory Alerts2017-02-17
Added · Updated
Royal Decree of 5 December 2016 amending the Royal Decrees on the annual accounts of credit institutions, investment firms, management companies of collective investment undertakings, and insurance and reinsurance undertakings
This Royal Decree amends the Royal Decrees of 23 September 1992 and 17 November 1994 to transpose Directive 2013/34/EU into Belgian law for credit institutions, investment firms, collective investment undertakings, and insurance and reinsurance companies. Key changes include updating obsolete legal references, replacing outdated terminology, and implementing the prohibition of offsetting by requiring gross amount disclosures in notes. The decree mandates the expensing of research costs, sets a maximum ten-year amortization period for goodwill and development costs, and introduces enhanced disclosure requirements regarding associated undertakings, post-balance sheet events, and transactions with directors and managers.
More like this from NBB
NBB published 2 documents in the last 30 days. We email you each new one the day it's published.