On Oct. 1, 2024, BEL CB reported that digitization in OneGate, previously scheduled for Oct. 1, 2024, has been postponed until early 2025; PDF forms apply from Oct. 1.
In Apr. 2025, BEL CB issued circular to inform prospective purchasers and financial institutions of effective date of digitisation of qualifying holding (QLF) forms appended to Circular NBB_2024_09, Communication NBB_2024_10, is May 1, 2025, #249460.
On Jun. 27, BEL CB issued forms for candidate/assigning shareholder.
BEL CB issued communication NBB_2024_10 for persons intending to acquire, increase, reduce or transfer a qualifying holding in the capital of a financial institution and to persons owning a qualifying holding, updating communication NBB_2017_22.
Follows BEL CB Mar. 2023 qualifying shareholder managers form, see #167271.
Purpose
Update the applicable regulatory reference framework and inform the shareholders of the BEL CB's decision to review and digitize its notification and disclosure forms.
The Joint Guidelines of the European Supervisory Authorities (ESAs, i.e. EBA, EIOPA and ESMA) of May 5, 2017 on the prudential assessment of acquisitions, still apply.
They have been supplemented, as far as credit institutions are concerned, by an ECB guide of May 2023 on qualifying holding procedures (#149245), focusing on AML/CFT.
Notification and disclosure forms for qualifying holdings are revised and simplified.
Their scope has also been extended to payment and electronic money institutions.
The division of tasks between the BEL CB and the ECB has also been clarified.
Available online is the Form QLF which can be downloaded from the IMAS website.
Forms B, C, D, E for banks and Forms A, B, C, D, E for institutions other than banks.
Effectiveness
This communication applies with immediate effect; updated digitized forms will be available from Oct. 1, 2024.
Repeal of communication NBB_2017_22 with immediate effect, except for the old forms annexed to the latter communication which remain valid until Sep. 30, 2024.
Communication NBB_2021_19 is partially repealed as the digitization of the ECB QLF form acquisition of qualifying holdings is now included in the present communication.
Communication NBB_2021_19 will continue in effect with respect to the freedom to provide services and freedom of establishment forms.
Oct. 1, 2024 Postponed Digitization
On Oct. 1, 2024, BEL CB reported that digitization in OneGate, previously scheduled for Oct. 1, 2024, has been postponed until early 2025; PDF forms apply from Oct. 1.
In Apr. 2025, BEL CB issued circular to inform prospective purchasers and financial institutions of effective date of digitisation of qualifying holding (QLF) forms appended to Circular NBB_2024_09, Communication NBB_2024_10, is May 1, 2025, #249460.
Regulators
BEL CB
Entity Types
B/D; Bank; BHC; Depo; IA; IHC; Ins; MSB; SIFI
Reference
Forms, PR, 10/1/2024; Com NBB_2024_10, PR, 6/27/2024; Com NBB_2021_19; Rpl NBB_2017_22; JC/GL/2016/01
