Financial Services Regulatory

Liedekerke’s Financial Services Regulatory Team (FinReg Team) advises financial institutions on all legal and regulatory aspects relating to their activities.

The FinReg Team consists of 4 specialized lawyers supported by 2 knowledge professionals. Team members have daily contacts with the Financial Services and Markets Authority (FSMA) and the National Bank of Belgium (NBB).

In 2022 the team was promoted as Thought Leader and Global Leader in both Regulatory and FinTech sections of Who’s Who. The team is ranked in all major legal guides, including Chambers Europe, Legal 500 and IFLR.

Climate change and ESG, digitalization and data, blockchain and crypto, open banking and outsourcing: finding the right balance between risk and innovation has become one of the main challenges for our financial institution clients.

Our FinReg Team attempts to help our clients finding that right balance.

We attempt to be advisors who are not only legal experts, but partners who will help you making sense of the regulations. For this purpose, we have developed innovative technologic tools – including RegDetect – to enable clients to monitor legal developments cost efficiently and be certain that they don’t miss any “blind spot”.

As your advisor, we anticipate that climate change, ESG and the resulting regulatory change will shape your activities in the years to come. We have established Liedekerke ESG Advisory, which is providing insight in changes that affect you.

As a client you can rely not only on top tier legal advice but also on trusted advisors who know the market, follow the developments and will pro-actively assist you in coping with regulatory change.

Our Offer

The FinReg Team advises banks and investment firms, insurance companies, payment institutions, e-money institutions, asset managers, financial intermediaries, FinTechs and RegTechs on all legal and regulatory aspects relating to their activities.

We cover the full spectrum of financial regulations. This includes MiFID2, IDD, PSD2, MiCA, VASP, SFDR, UCITS, AIFMD, AML, GDPR, etc.

In 2022, the FinReg Team is specifically focusing on:

• ESG and SFDR implementation

• AML projects (procedures, due diligence, enforcement)

• digitalization and outsourcing projects

• crypto and payments

• phishing.

Team members have daily contacts with the Financial Services and Markets Authority (FSMA) and the National Bank of Belgium (NBB).

The team has also specific expertise in matters of regulatory enforcement, such as settlement procedures or sanction procedures.

Our Relevant Experience

Banking clients include:

• KBC Bank

• Belfius

• ING Belgium

• BNP Paribas Fortis

• Euroclear

• Deutsche Bank

• Triodos Bank

• Degroof Petercam

• Capitalatwork

• CKV

Insurance clients include:

• KBC Verzekeringen

• AG Insurance

• Allianz

• Munich Re

• Patronale Life

Fintech/crypto clients include:

• Binance

• e-Toro

• Monese

Payment clients include:

• Lexoo

• Skipr

• Elyps

Clients comments on the FinReg Team in Legal 500, Chambers Europe, IFLR and Who’s Who:

“It is really more than support from the team; it is a real partnership.”

“The firm’s strengths are the speed of the responses and the accuracy of the answers.”

‘It is a great pleasure to collaborate with Liedekerke because of their excellent understanding of the situation of the company and the problems we are involved in. The great relationship with the team is important to us, and we are willing to have a firm which support us not only with purely legal solutions, but also with comprehensive approach of our whole business.’

‘We work with Tom Van Dyck and his team for a couple of years and have developed a very special relationship. Our core business is not located in Belgium, but we have very specific needs to develop our activity in this market. Tom is the perfect partner for our company to support our business.’

‘This practice is unique because of their extensive know how when it comes to all topics related to banking and finance. They are aware of all recent development within the field but are also very well informed on sector practices and have a good relationship with the local regulators. They have a very hands on mentality and are able to quickly provide correct, substantiated and complete legal advice which is nevertheless understandable and practical.’

‘Tom Van Dyck and his team stand out because of their extensive know how when it comes to all topics related to banking and finance. Tom Van Dyck has a hands on mentality, is very accessible, responsive and professional. He is also able to quickly provide correct, substantiated and complete legal advice which is nevertheless understandable and practical.’

‘Extensive experience in financial supervision, including supervisory investigations.’

‘Tom van Dyck immediately instilled confidence in the handling of a highly confidential investigation by the Belgian regulator.’

‘Specific expertise in financial product approval with legislators.’

‘We are honoured to collaborate with Tom Van Dyck, who combines an in-depth knowledge of the Belgian financial regulatory framework and authorities with a very pragmatic and no-nonsense approach.’