Regulatory Alerts2014-11-18
Added · Updated
Uniform Letter – Derogation Policy under Art. 36bis of the Royal Decree of 23 September 1992
The National Bank of Belgium establishes a new derogation policy allowing credit institutions to apply hedge accounting under Article 36bis of the Royal Decree of 23 September 1992, provided they meet specific governance, accounting, and transparency criteria. Institutions must demonstrate effective risk management, adhere to IAS 39 effectiveness standards (including an 80-125% range for actual results), and disclose detailed hedge information in their annual accounts. This policy applies to accounting periods starting on or after 1 January 2016, while previously granted derogations remain valid until 31 December 2021.
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