Investment Fund Market Guide - Belgium
Key features (Register market)
Settlement free of payment
Settlement against payment
Refer to CBL’s Eligible currencies and the fund currency specified in fund prospectus.
Restrictions on customer
Restrictions on settlement
Market type / link type (Settlement link)
Register market and CSD link
Eligible fund types in CBL
Register market: UCITS, AIFs & Undertakings for investments in receivables
CSD linka: CSD or Domestic link eligible investment funds
Eligible fund types in CBL
- Undertakings for Collective Investment in Transferable Securities (UCITS) governed by the Law of 3 August 2012 on the Collective Investment Undertakings implementing the directive 2009/65/EC (UCITS Law);
- Alternative Investment Funds (AIFs) governed by the Law of 19 April 2014 on alternative investment funds and their managers, implementing the directive 2011/61/EU (AIFM Law)
- Undertakings for investments in receivables (instellingen voor belegging in schuldvordering/organismes de placement en créances) governed by part 3bis of the UCITS Law.
CSD-eligible investment funds
Belgian investment funds that are eligible in Euroclear Belgium or T2S can be made eligible in Clearstream Banking.
The information contained in the Market guide is based on the legal opinion obtained by CBL that was issued on 17 June 2019. CBL believes the information to be correct as of that date but disclaims any responsibility as to the accuracy and completeness of the information after that date. In the case of discrepancy between the information provided by CBL and the local laws and regulations, the latter shall prevail.
CBL wishes to draw the customer’s attention to the introduction of a new Belgian company’s code by the law of 28 February 2019 on the introduction of the Code of Companies and Associations and other provisions which entered into force on 1 May 2019 and will be applicable to the existing companies as from 1 January 2020, with an opt-in possibility before that date. The information provided in this Market Guide is strictly limited to the Belgian Companies Code as it applies to existing companies at the date of the issuance of the legal opinion and may not reflect the forthcoming changes. It should be noted that the information contained in this Market Guide is only provided for information and does not constitute legal advice and Customers should seek advice from independent professional counsel.
Customers are responsible for ensuring compliance with the local legal requirements and agree to indemnify and hold harmless CBL, for any loss, expense, liability, damage or claims, whether direct or indirect, against or incurred by CBL arising out of or resulting from such non-compliance.