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Articles by Michael Van Acker
Belgium: Introduction of a banker's oath
In brief A new law introducing a banker’s oath and deontological regime for directors and certain bank employees was published in the Belgian Official Gazette on 15 January 2024. The oath requires directors and certain bank employees to make an individual declaration, by which they undertake to respect, in the exercise of their professional activities, some important new deontological rules.
Belgium: Introduction of a banker's oath
In brief A new law introducing a banker's oath and deontological regime for directors and certain bank employees was published in the Belgian Official Gazette on 15 January 2024. The oath requires directors and certain bank employees to make an individual declaration, by which they undertake to respect, in the exercise of their professional activities, some important new deontological rules.
Michael Van Acker
The Belgian Financial Services and Markets Authority has introduced stricter rules for commercializing virtual currencies, such as Bitcoin or Ether, among consumers in Belgium. Among others, advertisements must contain the disclaimer “Virtual currencies, real risks. The only guarantee in crypto is risk.” In addition, mass advertising campaigns to more than 25,000 people must be notified to the regulator 10 days in advance.
Belgium: Financial watchdog tightens rules on crypto advertising
In brief The Belgian Financial Services and Markets Authority (FSMA) has introduced stricter rules for commercializing virtual currencies, such as Bitcoin or Ether, among consumers in Belgium. Among others, advertisements must contain the disclaimer “Virtual currencies, real risks. The only guarantee in crypto is risk.” In addition, mass advertising campaigns to more than 25,000 people must be notified to the regulator 10 days in advance.
Belgium: Financial watchdog tightens rules on crypto advertising
In brief The Belgian Financial Services and Markets Authority (FSMA) has introduced stricter rules for commercializing virtual currencies, such as Bitcoin or Ether, among consumers in Belgium. Among others, advertisements must contain the disclaimer “Virtual currencies, real risks. The only guarantee in crypto is risk.” In addition, mass advertising campaigns to more than 25,000 people must be notified to the regulator 10 days in advance.
Belgium: Rules on crypto advertising tighten
In brief The Belgian Financial Services and Markets Authority (FSMA) has introduced stricter rules for commercializing virtual currencies, such as Bitcoin or Ether, among consumers in Belgium. Among others, advertisements must contain the disclaimer "Virtual currencies, real risks. The only guarantee in crypto is risk." In addition, mass advertising campaigns to more than 25,000 people must be notified to the regulator 10 days in advance.
Belgium: Basic banking service framework for companies now finalized and ready to take effect
In brief Belgium has finalized the basic banking service framework for companies, among others, by creating the long-awaited basic banking service chamber, as a result of which the new rules can now finally take effect.
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