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COVID-19 - Impact on Financial Sector - 6 May 2020


Please find below a summary of COVID-19 developments relevant to our clients; these alerts are dedicated to following up on the financial  regulators’ responses to the crisis. We have also created a COVID-19 Resource Center to offer legal and business insights as this crisis continues to evolve. We wish you and your loved ones well.

If you have any questions please feel free to contact: 

Tom Van Dyck
+32 475 90 90 91

Freya Mareels 
+32 475 25 11 50

Wim Dedecker
+32 491 36 03 99



State aid: Commission approves Belgian €250 million subordinated loan scheme to support start-ups, scale-ups and SMEs affected by the coronavirus outbreak

The European Commission has approved  the Belgian subordinated loan scheme of €250 million, financed by the Flemish region, to support companies active in the Flemish region, in particular start-ups, scale-ups and small/medium-sized enterprises, in the context of the COVID-19 outbreak. The scheme was approved under the State aid Temporary Framework.


Q&A on the effects of the coronacrisis on supplementary pensions 

The FSMA has published a Q&A regarding the consequences of the COVID-19 pandemic on supplementary pensions and the death cover attached to it. Where relevant, the measures taken by the government are also explained.


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