BEL GVT Credit Institution Risk Groups


On Apr. 8, BEL GVT issued royal decree on collective labor agreement.


  • BEL GVT published Royal decree of Mar. 24, 2024 making obligatory the collective labor agreement of Oct. 11, 2023, concluded within the joint commission for public credit institutions, relating to the effort in favor of people belonging to risk groups.
  • Purpose
  • Applies to companies belonging to joint committee no.325 for public credit institutions.
  • Agreement determines the sector's effort in favor of groups at risk for 2023-2024.
  • Risk groups are members of staff who, as a result of restructuring/reorganization or automation/computerization, lose or risk losing their function within their company.
  • Who, after further training/retraining, will find another function in the same company.
  • Members of staff who, either because of their age, level of training, or both, experience significant difficulties in adapting to new functions or new technologies.
  • Priority given to staff who do not hold a diploma higher than upper secondary ed.
  • Effectiveness
  • Collective labor agreement in force on Jan. 1, 2023 for 2 years; automatically expires on Dec. 31, 2024, unless renewed by mutual agreement of parties before this date.

Regulators BEL GVT
Entity Types B/D; Bank
Reference OG 2024201505, 4/8/2024; Dec 10/11/2023;
Functions Compliance; HR; Legal; Operations; Privacy; Reporting
Countries Belgium
Category
State
Products Banking; Securities
Regions EMEA
Rule Type Final
Rule Date 4/8/2024
Effective Date 12/31/2024
Rule Id 207644
Linked to N/A
Reg. Last Update 4/8/2024
Report Section EU

Last substantive update on 04/10/2024