New circular NBB_2011_09 regarding the reporting of the effective management on the internal control systemRegulatory radar newsflash |
The recently published new circular NBB_2011_09 of 20 December 2011 regarding the reporting of the effective management on the internal control system mainly aims to align the existing circular CBFA_2008_12 of 9 May 2008 with the Twin Peaks supervision structure. This results amongst others in a separate report that has to be drafted by the effective management on the assessment of the internal control system in relation to investment services and investment activities. The information contained in this separate report will be provided to the FSMA.
The full text of this circular can be consulted on the website of the National Bank:
- Het verslag van de effectieve leiding inzake de beoordeling van de interne controle, het verslag van de effectieve leiding inzake de beoordeling van de interne controle betreffende beleggingsdiensten en -activiteiten en de verklaring van de effectieve leiding inzake de periodieke prudentiële rapportering
- Le rapport de la direction effective concernant l'évaluation du contrôle interne, le rapport de la direction effective concernant l'évaluation du contrôle interne en matière de services et d'activités d'investissement, et la déclaration de la direction effective concernant le reporting prudentiel périodique
Next to this, there are a number of other modifications. You can find a summarised overview in the attached newsletters, available in Dutch and French.
Regulatory radar newsflash m.b.t. de verslaggeving van de effectieve leiding rond interne controle
(155.93 KB)
