On 4 March 2014 a Royal Decree that further implements the Act of 21 December 2013 relating to the financing of small and medium-sized undertakings (the Act on SME financing) was published in the Belgian State Gazette.

The Royal Decree (1) determines the entry into force as of 1 March 2014 of the articles 5, 6, 7, 8 and 11 of the Act on SME financing and (2) endorses the Code of Conduct provided for in article 10 of the Act on SME financing.

The Royal Decree (dated 27 February 2014) and the Code of Conduct (signed on 16 January 2014) can be found here and here respectively.

For more information in respect of the Act on SME financing, please refer to our Finance e-bulletin of 21 January 2014.