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Legislation To Insert An Article 36/45 To The Law Of 22 February 1998 Establishing The Organic Statute Of The National Bank Of Belgium (1)

Original Language Title: Loi visant à insérer un article 36/45 à la loi du 22 février 1998 fixant le statut organique de la Banque nationale de Belgique (1)

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25 AVRIL 2014. - An Act to insert section 36/45 of the Act of 22 February 1998 establishing the organic status of the National Bank of Belgium (1)

PHILIPPE, King of the Belgians,
To all, present and to come, Hi.
The Chambers adopted and We sanction the following:
Article 1er. This Act regulates a matter referred to in Article 77 of the Constitution.
Art. 2. In chapter IV/3, section 5, of the Act of 22 February 1998 establishing the organic status of the National Bank of Belgium, inserted by the Act of 25 April 2014 establishing the mechanisms of a macroprudential policy and specifying the specific missions to the National Bank of Belgium as part of its mission to contribute to the stability of the financial system, an article 36/45 is inserted as follows:
"Art. 36/45. § 1er. The recommendations issued by the Bank pursuant to this chapter are not subject to appeal for suspension or cancellation before the State Council.
§ 2. With the exception of any other possibility of appeal, an appeal for annulment shall be open to the Council of State against the acts of regulatory or individual scope adopted by the Bank under section 36/34 or by the national authorities under sections 36/38 and 36/41, according to an expedited procedure determined by the King. This appeal is not suspensive."
Promulgation of this law, let us order that it be clothed with the seal of the State and published by the Belgian Monitor.
Given in Brussels on 25 April 2014.
By the King:
Deputy Prime Minister
Minister of the Interior
and Equal Opportunities,
Minister of Finance,
Seal of the state seal:
The Minister of Justice,
House of Representatives (
Documents: 53-3522
Full report: 3 April 2014.
Senate (
Document: 5-2845
Project not referred to by the Senate: April 24, 2014.