Tax changes for the Belgian real estate market
This Newsflash highlights significant measures that influence the landscape of the Belgian real estate market. Indeed, on 9 October 2023, the Belgian government reached an agreement regarding the Federal Budget for 2024. The current budget round was an important one, as the economic climate is deteriorating and this has an impact on the budget of
Authorization process for AIFMs and UCITS management companies
On 10 May 2019, the FSMA published Communication 2019_09 and a checklist for alternative investment fund managers (AIFMs) and undertakings for collective investment in transferable securities (UCITS) management companies. This checklist sets forth the information and the documents that need to be included in the application file for authorization as an AIFM or as a
Guidelines on financial instruments and related services to retail clients.
The Financial Services and Markets Authority has published a communication on the offer of certain financial institutions’ financing instruments and the provision of services related to such instruments to retail clients. On 29 July 2015, the Financial Services and Markets Authority (FSMA) published a communication FSMA_2015_08 dated 27 July 2015 on the offer of certain
Q&A on financial planning published by FSMA
The FSMA has published a Q&A on financial planning in Belgium. Since 1 November 2014 and the entry into force of the law of 25 April 2014 on the status and supervision of independent financial planners and on the offering of financial planning services by regulated institutions (published in the Belgian State Gazette of 27
FSMA, Febelfin and FEB published a joint Communication on EMIR
On 2 December 2014, the Financial Securities and Markets Authority (FSMA), the Fédération belge du secteur financier (Febelfin) and the Federation of Enterprises (FEB) prepared and issued a joint communication on the application of the European regulation EMIR (as defined below) to non-financial counterparties active in derivatives transactions (the “Communication”). The regulation (EU) No 648/2012
New FSMA guidelines on the approval process for independent financial planners
On 4 November 2014, the Financial Services and Markets Authority (‘FSMA’) published a Memorandum dated 1st November 2014 on its website on the access to the legal status of independent financial planner and related approval process with the FSMA (the ‘Memorandum’). The Belgian Act of 25 April 2014 on the legal status and supervision of
ESMA Q&A – FSMA position papers – latest developments
The European Securities and Markets Authority (below ‘ESMA’) promotes common supervisory approaches and practices in respect of the application of the European Directive on Alternative Investment Fund Managers (below the ‘AIFMD’) and its implementing measures. In this context, ESMA has publishedQuestions & Answers (below ‘Q&A’) on the application of the AIFMD. These Q&A have been
