News & Warnings

Provision of investment services and performance of investment activities in Belgium by companies governed by UK law after Brexit

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News article
21/02/2019

Communication FSMA_2019_06 concerning the provision of investment services and performance of investment activities in Belgium by companies governed by the law of the United Kingdom after entry into force of Brexit.

The present communication is for the purpose of:

  • describing the system that applies in Belgium to investment firms governed by the law of the UK or Gibraltar after entry into force of Brexit;
  • examining the issue of the impact of Brexit on the continuity of contracts in force, entered into in Belgium by investment firms governed by the law of the UK or Gibraltar. The present communication looks at this issue from the angle of administrative law, i.e. the impact of the loss of a European passport on the ability to continue the performance of such contracts for investment firms governed by the law of the UK that will no longer be authorized to carry on their activity in Belgium.