Operational Information

CFCL Market Guide - Belgium

CFCL

Reference

Service level
CFCL
Last Updated
04.12.2025

Clearstream Fund Centre (“CFCL”) Market Guides provide key information, in particular in the area of order routing, settlement and asset servicing, on each market where CFCL offers a service. In addition, relevant website addresses are indicated, where more detailed information is provided according to specific needs.

The Belgium Market Guide is split into 5 sections:

General information;
Market infrastructure;
Holding Restrictions/Disclosure Requirements;
Settlement process and services;
Asset servicing.

Further information can be found in the CFCL Client Handbook and in the Belgium Tax guide.

Characteristics of the market

  • For investment fund securities, Belgium is considered a CSD Market and a Register Market;   
  • Exchange-Traded Funds (ETFs) are permitted and can be traded within the Belgium market.

Belgium has adopted the T2S platform for its settlement processes, this initiative helps align Belgium with the broader European effort to harmonise and streamline securities settlement procedures.