Belgium – CM P – Update 2022

Jun 30, 2022

Country Manuals Products –

We would like to inform you that BRP has updated its COUNTRY MANUAL PRODUCTS for the following jurisdiction:


Law / RegulationNO
New Position of the AuthoritiesNO
Evolution of Expert’s interpretationYES

Definitions & Concepts, Regulatory Overview and Behaviour Template

The Country Manual has been reviewed to ensure that the content of all the documents remains accurate and up to date.

Material changes

  • In alignment with the Country Manual Private Banking (CM PB), it is highlighted that no distinction is made between investment advice based on a written advisory agreement and such provided without formal basis. In the Behaviour Template, the two situations “advice within an ongoing advisory agreement” and “advice without/outside the scope of an ongoing advisory agreement (spot advice)” are therefore now treated equally.

For more information, please contact us:

Best regards,