Proposition 51K2345

Logo (Chamber of representatives)

Projet de loi modifiant l'article 220 de la loi du 4 décembre 1990 relative aux opérations financières et aux marchés financiers et les articles 121, § 1er, 1°, et 122 de la loi du 2 août 2002 relative à la surveillance du secteur financier et aux services financiers.

General information

Submitted by
PS | SP MR Open Vld Vooruit Purple Ⅰ
Submission date
March 15, 2006
Official page
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Status
Adopted
Requirement
Simple
Subjects
EC Directive share administrative check investment company stock-exchange transaction venture capital securities stock exchange financial policy financial occupation financial instrument financial institution financial transaction financial market investment transaction credit institution bond takeover bid issue of securities insurance

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Discussion

May 4, 2006 | Plenary session (Chamber of representatives)

Full source


Rapporteur Luk Van Biesen

This was referred back to the Finance Committee last week. This was decided on 27 April in the plenary session of the House of Representatives. Didier Reynders, Vice-Prime Minister and Minister of Finance, said during the discussion, at the request of Mrs Annemie Roppe, that the amendments submitted by the Government — since there were a total of 7 new amendments added after it was sent to the plenary meeting — which resulted from the consultation with the financial sector aimed to clarify whether, when an institutional or private CCI is admitted or is being admitted to a regulated or organized public market, this automatically results in that CCI being no longer institutional or private.

The answer to that question was negative. Since the institutional or private character of an ICB is determined by the institutional or private character of its investors, the fact that the ICB is listed on a market cannot change that.

Ultimately, the various amendments were accepted telkenmale with 10 votes for and 3 abstentions.

I would like to add this oral report to my written report that I have already submitted.