Our Financial Regulatory Update for March 2023 is now available. With these updates, KPMG Law aims to flag relevant regulatory developments per sector.
Financial Regulatory Update: January and February 2023
Our Financial Regulatory Update for January and February 2023 is now available. With these updates, KPMG Law aims to flag relevant regulatory developments per sector.
Belgian implementation of the ruling of the European Court of Justice on public access to UBO register
The UBO register is a centralized database used to prevent money laundering, terrorist financing, and related criminal activities by tracking the natural persons who ultimately control companies and other legal entities. In the past, public access to certain UBO data was allowed, but the European Court of Justice ruled that such access was invalid. The Belgian legislator subsequently made legislative changes that restrict public access to the UBO register to those who can demonstrate a legitimate interest related to fighting money laundering and related criminal activities. This text provides details on the legislative changes and the conditions that qualify as a legitimate interest for access to the UBO register.
The Brussels-Capital Region is gearing up for the installation of charging points in car parks
The Brussels-Capital Region government issued a decree on 29 September 2022 to ensure sufficient charging points for all electric cars in the capital.
Four-day & alternating work week: not a mere discretionary possibility of the employer
As of 20 November 2022, employees can request a four-day or alternating work week, as a result of the Labor Deal.
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