Fintech—Belgium—Q&A guide

The following TMT practice note provides comprehensive and up to date legal information covering:

  • Fintech—Belgium—Q&A guide
  • 1. What is the general state of fintech innovation in your jurisdiction?
  • 2. Do government bodies or regulators provide any support specific to financial innovation? If so, what are the key benefits of such support?
  • 3. Which bodies regulate the provision of fintech products and services?
  • 4. Which activities trigger a licensing requirement in your jurisdiction?
  • 5. Is consumer lending regulated in your jurisdiction?
  • 6. Are there restrictions on trading loans in the secondary market in your jurisdiction?
  • 7. Describe the regulatory regime for collective investment schemes and whether fintech companies providing alternative finance products or services would fall within its scope.
  • 8. Are managers of alternative investment funds regulated?
  • 9. Describe any specific regulation of peer-to-peer or marketplace lending in your jurisdiction.
  • More...

Fintech—Belgium—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to fintech in Belgium published as part of the Lexology Getting the Deal Through series by Law Business Research (published: June 2020).

Authors: Simmons & Simmons LLP—Jérémie Doornaert; Martin Carlier; Dimitri Van Uytvanck; Vincent Verkooijen

1. What is the general state of fintech innovation in your jurisdiction?

Although the Belgian fintech ecosystem is currently booming (over the years, the number of start-ups active in the financial sector with a predominantly technological approach has increased steadily), Belgian fintech companies that have reached a size large enough to play in the big league can still be counted on the fingers of one hand. In effect, Belgian fintech companies have a tendency to rely more on organic growth and to focus for longer periods on the local market, taking more time to cross the Belgian border. Transforming all these promising start-ups into scale-ups capable of competing on the international scene is therefore a major challenge that requires stronger support and financing.

2. Do government bodies or regulators provide any support specific to financial innovation? If so, what are the key benefits of such support?

No. However, a Belgian fintech platform called B-Hive was launched in January 2017 to support fintech start-ups. The Belgian federal government – by means of the federal investment fund – and a number of major banks, insurers and market

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