What are the obligations of the Entities?

The Entities are subject to two distinct obligations:

1. Credit institutions (Belgian institutions or foreign institutions established in Belgium) must draw up a list of the banking service providers working at their company or on their behalf at agencies, and provide it to the FSMA.
2. All Entities must require candidates for a position of banking service provider to provide a copy of their certificate of absence of professional ban.This certificate must be requested by the Entity no later than:
   • for an external candidate: before the signature of the candidate's service or employment contract. However, it is permitted to have such a contract signed before obtaining this copy of the certificate, if its coming into effect is subject to obtaining the certificate of absence of professional ban; or
   • for an internal candidate (a staff member who was not initially a banking service provider and who is moving into a new role as a banking service provider): before the candidate takes up his/her new position as banking service provider.

The certificate may not have been issued more than one month before its reception by the Entity.