Simont Braun - Avocats advocaten lawyers

Financial Services Regulatory

Since the financial crisis, the volume of regulations has exploded. While the laudable objective behind regulation is to enhance protection for financial consumers, it can be observed that regulated financial entities are struggling to keep pace.
Compliance presents huge challenges in terms of staff, time and costs, and not all entities are able to keep up with developments in the regulatory landscape. Not only has the amount of regulation expanded, but it is now present in almost every aspect of the provision of financial services, ranging from publicity to anti-money laundering, KYC and data protection obligations.

Our fields of expertise

Our team comprises renowned and experienced regulatory experts who deal with clients' various compliance issues on a day-to-day basis. We notably anticipate the implementation of new regulations to ensure that our clients are compliant from the outset. Every new offering of financial services and products, as well as the way financial institutions enter into relationships with new clients, are legally examined to ensure that they comply with all regulatory requirements.
Over the years, thanks to the excellent relations that Simont Braun has established with local supervisors such as the National Bank of Belgium and the FSMA, we are able to address our clients' issues in the most efficient and appropriate way.
As technology and innovation are essential values at Simont Braun, we also explore the possibilities that innovative RegTech initiatives could create for the financial services industry.

Some recent projects

  • Preparing licence applications for credit institutions, payment and e-money institutions, credit providers, crowdfunding platforms and investment firms.

  • Drafting AML, outsourcing and other internal policies for a wide range of Belgian and foreign financial service providers.

  • Drafting model contracts in the field of consumer and mortgage credit, and negotiating the models with the relevant supervisor.

  • Assisting both banks and FinTech companies with the implementation of new regulations, such as MifID II, PSD II, 4AMLD and GDPR.

  • In-depth screen-by-screen compliance analysis of new applications and websites offered by robo-advisors, micro-credit providers and peer-to-peer platforms.