Latest news & developments
Brexit Update – Mrs May resigns
One step closer to a no-deal Brexit? After three failed attempts to convince the members of parliament (MP’s) to support her EU withdrawal agreement, Mrs May has announced today that she will step down as prime minister of the UK. Only this Tuesday, Mrs May gave a speech in which she unveiled a 10-point plan
Important changes to the private pricaf regime
The status of private pricaf is organised by the act of 19 April 2014 on alternative investment funds (“AIF”) and their managers (the “AIFM Law”) and by the Royal Decree of 23 May 2007 on private pricaf (“pricaf privée”/private privak”), as amended. On 25 April 2019, a law containing various financial provisions was adopted by
Belgian Ratification of the MLI: a Game Changer in the International Tax Field
On 6 May 2019, the legislative documents implementing the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (also known as the MLI) was finally approved by all 6 legislative authorities in Belgium. The Belgian law ratified the full application of the MLI and its Explanatory Note, the reservations and notifications made by
Update on submission of CbCR Notification (i.e. form 275 CBC NOT)
On 2 May 2019, a law was approved including an update on the notification obligation of each Belgian group entity of a multinational group with regard to filing a country-by-country report. The law was published in the Belgian official gazette on 15 May 2019. The above notification obligation, which is included in article 321/3 of
Proposal of 27 March 2019 introducing provisions on the basic banking service for companies in Book VII of the Economic Law Code
On 27 March 2019, a proposal of law was submitted in the Belgian Parliament aiming to introduce the basic banking service for companies. Similar provisions on the basic banking service already exist, but they only apply to consumers. The new provisions will be inserted in Book VII of the Economic Law Code. In practice, companies
Shareholder Rights Directive II. Financial institutions, are you prepared?
In May 2017, the European Parliament and the Council approved Directive (EU) 2017/828 amending Directive 2007/36/EC as regards the encouragement of long-term shareholder engagement (the Shareholder Rights Directive II or SRD II). The due date of 10 June 2019 for the transposition of this new Directive into national law is approaching fast. So far, the
