In recent years, cases of payment fraud have seen a steady increase in Belgium, with the FSMA reporting that in 2024 it received 20% more reports of fraud-related activities...

We are delighted to send you our latest e-newsletter, setting out recent regulatory developments of interest to financial institutions.

On 1 April 2024, both the European Commission (the Commission) and the UK Competition and Markets Authority (CMA) fined major car manufacturers and trade associations for participating in a 15-year long cartel concerning end-of-life vehicle recycling.

If the results of the market test are positive, the European Commission could make the commitments legally binding by decision under Article 9 of Regulation 1/2003.

The first Delegated Act on sustainable activities for climate change adaptation and mitigation objectives has been published in the EU Official Journal in December 2021.

Following the entry into application of Chapter II of Regulation (EU) 2024/168 (the "AI Act") on 2 February 2025, the European Commission has published guidelines...

The recast regulation extends the application of the Travel Rule to transfers of crypto-assets in a significant step in the fight against money laundering...

On 19 October 2012, the Law of 3 August 2012 relating to certain forms of collective management of investment portfolios entered into force.

On 28 June 2023, the European Commission unveiled a series of proposals, including proposals for the Payment Services Directive 3 (‘PSD3') and the Payment Services Regulation (‘PSR').

The Commission also recalls that ill-designed national restrictions can exacerbate problems and contribute to amplifying shortages in other Member.

The Financial Conduct Authority (FCA) has released a policy statement on new rules on product sales data (PSD) reporting for consumer credit lending firms that addresses recent feedback on its initial proposal.

On 15 January 2024, the Act amending the banking oath and disciplinary regime was published in the Belgian State Gazette.

1 April 2011 will go down in collective memory as the date of the reorganisation of the supervisory structure for the financial sector in Belgium, prompted by the 2008 financial crisis.

Under Dutch law, the interests of clients must be taken into account in the manufacturing and distribution process of financial products. First, to prevent any mis-selling, and second, to maintain overall trust in the financial sector.

Belgium has adopted new legislation on the creation and enforcement of security interests in moveable assets.

The long awaited ‘AIFMD II' proposal was published by the European Commission in November 2021. It contains the proposal to amend amongst others the AIFMD Directive 2011/61/EU.