WebMay 5, 2024 · NBB 2024 017 Insurance - Update of the overarching circular on governance Scope Insurance or reinsurance companies under Belgian law, with the exception of small insurance companies under Belgian law as referred to in Articles 275 and 2761 or local insurance WebThis Circular has three objectives: compiling all legal and regulatory texts on governance which regulate the supervision of insurance or reinsurance companies (the Solvency II Law, the explanatory memorandum of the said Law, Delegated Regulation 2015/35 and the Regulations, Circulars and Communications of the NBB);
Remuneration nbb.be
WebThe non-financial criteria should contribute to the creation of value for the company, such as compliance with external and internal regulations, the efficiency of customer service management, the achievement of strategic goals (e.g. environmental, social and sound governance criteria), compliance with sustainability objectives, ethical aspects, … WebMay 5, 2024 · This Circular also stipulates the Bank’s approach to reporting. In this regard, it should be read in conjunction with Chapter 7 of the Overarching Circular on System of Governance NBB_2016_31, which specifies the Bank’s general recommendations on outsourcing (which were recently revised through Communication NBB_2024_017). gd they\u0027re
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WebMay 5, 2024 · NBB published an update of its overarching circular (NBB_2016_31) on governance for the insurance sector. The entry into force of the Companies and Associations Code, the new EIOPA guidelines on cloud outsourcing and remuneration, and other regulatory developments require an update of this circular. WebJul 8, 2024 · Circular NBB 2024 25, which applies directly to the institutions, aims to explain how the Bank implements the "fit and proper" legal provisions and to provide further guidelines on how it conducts "fit and proper" assessments. This circular deals with aspects relating both to the content of the assessments and to the assessment process itself. WebNBB_2024 – 18 October 2024 Circular – Page 1/3 Boulevard de Berlaimont 14 – BE-1000 Brussels Phone +32 2 221 54 65 Company number: 0203.201.340 RPM (Trade Register) Brussels www.nbb.be Circular Brussels, 16 November 2024 Reference: NBB_2024_28 Contact person: Catherine Terrier Phone +32 2 221 45 32 [email protected] gd thicket\\u0027s