Banker's oath
Credit institutions (Belgian institutions or foreign institutions established in Belgium) draw up a list of the banking service providers working at their company or on their behalf at agencies. This list must specify the category or categories to which the banking service provider concerned belongs and the date on which he or she took the oath. Although they are not required to take the oath, banking service providers who perform functions within an Entity for less than six months must be included in the list of banking service providers.
Credit institutions must provide this list of banking service provider and its updates to the FSMA. These updates must be made half-yearly, i.e. at six-month intervals:
- The first list will provide an overview of banking service providers as at 15 January 2025. This list must be communicated to the FSMA within one month of this date, i.e. by 14 February 2025 at the latest.
- The second list will contain an overview of banking service providers as at 15 July 2025 and will be provided no later than 14 August 2025.
- The following lists will provide an overview of banking service providers as at 15 January and 15 July of each year, and must be communicated to the FSMA at the latest by 14 February and 14 August respectively of the year in question.
Initially, the list of banking service providers will only include fit & proper persons (Category 1) and managers responsible (Category 2) active in credit institutions. From 15 July 2026, the list will also include all other banking service providers (see the question ‘When will this new disciplinary regime enter into force?.
The procedures for drawing up and notifying this list are available on the website of the FSMA.