Wet van 22 december 2005 tot uitvoering van richtlijn 2002/47/EG van het Europees Parlement en de Raad van de Europese Unie van 6 juni 2002 betreffende financiële zekerheidsovereenkomsten

This law implements an EU directive on financial collateral arrangements. It aims to harmonize rules across member states regarding the use of collateral in financial transactions, ensuring legal certainty and facilitating cross-border financial activities. It affects financial institutions, businesses, and individuals involved in financial contracts where collateral is provided. The goal is to simplify procedures and reduce risks associated with financial collateral.