The Belgian Council of Ministers approved a draft bill to transpose Directive (EU) 2019/1160 on facilitating cross-border distribution of collective investment funds (the ‘CBFD Directive’). The draft bill shall also include the implementation of a certain number of EU regulations (regulation (EU) 2019/2088 on sustainability reporting, regulation (EU) 2020/852 on establishing a framework for sustainable investment), as well as the partial transposition of the Directive (EU) 2019/2177 on Solvency II, the MiFID Directive 2014/65/EU and the Directive (EU) 2015/849 in relation to money laundering or terrorist financing).
Our market intelligence team carries out a specific daily monitoring on the transposition of the CBFD Directive in each Member State.
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