Banker's oath
This new regime will apply from 15 January 2025 to fit & proper persons (Categorie 1) and managers responsible (Categorie 2) carrying out activities in credit institutions. This means that, from that date:
- These banking service providers will be required to comply with the individual rules of conduct when carrying out their professional activities;
- These banking service providers will have six months to take the oath, i.e. until 15 July 2025, or will have to take it within six months after their actual entry into their position if this is after 15 January 2025;
- Credit institutions will be required to draw up the list of these banking service providers (see the deadlines under the question ‘What does the list of banking service providers contain?‘);
- Credit institutions will have to require all candidates for fit & proper or for managers responsible positions to provide a certificate of absence of professional ban .
The regime will apply to the other banking service providers from 15 July 2026.
This means that, from that date:
- These banking service providers will be required to comply with the individual rules of conduct when carrying out their professional activities;
- These banking service providers will have six months to take the oath, i.e. until 15 January 2027, or will have to take it within six months of their actual entry into their position if this is after 15 July 2026;
- Credit institutions will be required to draw up the list of these banking service providers working at their company or on their behalf at agencies (see the deadlines under the question ‘What does the list of banking service providers contain?‘); and
- credit institutions and banking and investment services agents will have to require all candidates seeking to carry out the activities of a banking service provider to provide a certificate of absence of professional ban.