Overview of amendments

October 2018

  • inclusion of references to EBA/GL/2017/11 on internal governance
  • inclusion of references to EBA/GL/2017/12 on the assessment of the suitability of members of the management body and key function holders
  • inclusion of a reference to the SSM Guide to fit and proper assessments
  • replacement of references to Circular NBB_2013_02 by references to the fit and proper handbook introduced by circular NBB_2018_25
  • additions relating to amendments to the Banking Law introduced by the Law of 21 November 2017 and the Law of 5 December 2017
  • addition of Circulars NBB_2018_13 and NBB_2018_14 on payment services and incident reporting
  • addition of Circular NBB_2018_20 on outsourcing to cloud service providers
  • addition of NBB Regulation of 6 February 2018 on expertise of heads of the compliance function (with accompanying explanatory note), Communication NBB_2018_05 of 8 February 2018 on the report of the management body on assessment of the compliance function, and Communication FSMA_2018_05 of 8 May 2018 on continuing training for compliance officers

September 2017

  • addition of Circular NBB_2016_44 on remuneration policies
  • addition of a section on loans to managers (Article 72 Banking Law)
  • update of the external guideline on the application of Article 62 of the Banking Law
  • insertion of references to the Royal Decree and the Circular on the exercise of external functions
  • update of Articles 27-33 of the Banking Law on audit committees
  • update of the title of the Banking Law (to include stockbroking firms)
  • addition of Circular NBB_2017_03 and Communication NBB_2017_02 on shareholding