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Capital Markets Belgium

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Foreign Companies May Lose Access to U.S. Capital Markets Under Just-Passed Senate Legislation

A recently passed Senate bill would eliminate the ability of a company to access U.S. investors through the public capital markets if the company uses an auditor in a foreign jurisdiction that does not permit inspection by...more

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Belgium Launches Consultation Process on EU Prospectus Regulation

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The Situation: EU Member States must make key choices under the new EU Prospectus Regulation, which provides a new regime of prospectus requirements when securities are offered to the public or admitted to trading on a...more

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New Category of Debt Securities: Senior Non-Preferred Notes, European Capital Markets Update

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On 20 July 2017, Belgium adopted legislation establishing senior non-preferred notes, a new category of debt securities available to banking institutions. The law provides for a new Article 389/1 into the Law of 25 April 2014...more

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Further Implementation of the Market Abuse Regulation, European Capital Markets Update

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On 31 July 2017, a new law was adopted to further implement and ensure the effectiveness of Regulation 596/2014 on market abuse ("Market Abuse Regulation"). This new law amends the law of 2 August 2002 on the supervision of...more

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Belgian Financial Regulator's Tightening of Investor Protection Against Unfair Contract Terms

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On 6 February 2017, Belgium's financial regulator (Belgian Financial Services and Markets Authority ("FSMA")) moved to fortify the protection of investors, publishing a position paper ("Position Paper") on the application of...more

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