DAILY BANKING

Irrevocable mandate: action required

Why do you need to sign a mandate?

Background to the new requirements

Belgium’s Royal Decree of 9 June 2024 sets out the implementation arrangements for Article 446quater of the Judicial Code, which defines the rules that lawyers must abide by when managing segregated client accounts.

As a result of the Decree, information about your segregated client accounts will automatically  be shared with a control mechanism (the Digital Platform for Attorneys).

Belgium’s French- and German-speaking Bar Associations will therefore be able to detect unusual transactions and report them to the President of the Bar, who will carry out the necessary checks and, if necessary, contact the lawyer concerned for further information.

You must sign an irrevocable mandate with your financial institution to comply with this regulation.

The steps you need to take to be legally compliant

1

Sign the document yourself

Sign the document and return it to us by 31 December. You can do this digitally* or by hand.

2

Get others to sign

If you’re part of a company or partnership, ensure that all relevant representatives of your business sign the document.

3

Mention the accounts concerned

Indicate in this document all of your segregated client accounts.

Always here to help

Having problems or questions? Contact us by calling +32 2 433 43 34.

Want to find your branch’s contact details so you can send the signed documents by email? Find your branch and its email address here.

Find a branch

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