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.