The Belgian Ministry of Finance sent the first responses to applications for permission to unlock assets on accounts opened by the National Settlement Depository in the Belgian depository Euroclear. As RBC clarifies, we are talking about appeals from law firms on behalf of private investors – they were refused.
RBC’s source clarified that at least three responses were received from the Belgian regulator to three Russian law firms.
Thus, in one of these letters, it is indicated that the agency cannot authorize the release of funds placed with NSD and frozen in Euroclear Bank, “based on Article 6 b (5) of Decree 269/2014.”
The Belgian Ministry of Finance added that the request does not concern the sale of positions on frozen NSD accounts in a Belgian financial institution, but is a request to transfer funds outside the EU. It also notes that the denial was based on the law firm’s client “failing to demonstrate” that operations, contracts and other agreements entered into with or in any way connected with NSD were terminated.
Earlier, the Belgian regulator published an unblocking permit, which required finding a guarantor in the European Union responsible for complying with legal restrictions, and confirmed that the investors against whom the request was made are not under sanctions.
Source: Rosbalt
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