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Who is BEAMA ?

Corporate purpose - history

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BEAMA stands for “Belgian Asset Managers Association”, a non-profit association.

The aim of “BEAMA VZW” is to represent the ‘Asset Management’ profession, to develop the ‘Asset Management’ activities in Belgium and to improve the image of this association and its members, without jeopardizing the autonomy of its members.

‘Asset Management’ covers, among other things, the promotion, management, distribution and administrative processing of collective investment instruments as well as the institutional management, the management on behalf of private customers and investment advice.

 

History

“BEAMA VZW” is the successor of the BEAMA non-incorporated association, the history of which can be summarized as follows:

  • On 4 March 1958, a non-incorporated association named the Belgian Collective Investment Undertakings Association[1] was created for an indefinite time. On 12 May 1993, a non-profit association named the Belgian Asset Managers and Investment Advisers Association[2] was created for an indefinite time. The Belgian Asset Managers and Investment Advisers Association non-profit association has been under liquidation since 16 December 2003.
  • On 25 March 2004, the Belgian Collective Investment Undertakings Association name was replaced by ‘Belgian Asset Managers Association’, in short ‘BEAMA’. At the General Meeting of the latter on 25 March 2004, approval was also given for the members of the Belgian Asset Managers and Investment Advisers Association non-profit association, under liquidation, becoming members of BEAMA.
  • On 19 June 2014, the BEAMA General Meeting decided to transform BEAMA into a non-profit association for the purpose of ensuring the future growth and professionalism of the organisation. The modified version of the articles of association were presented and approved on that occasion. Subsequently, the formal procedure for applying for the status of a non-profit association was ended on 13 November 2014.

 

Functioning of BEAMA: activities

For the purpose of achieving the aim mentioned above, the Association can:

  • represent its members at any time and defend their common professional interests vis-à-vis the public authorities and the competent institutions at the Belgian, foreign or supranational institutions,
  • defend and promote the Brussels financial center, under those terms of reference,
  • act proactively towards the Belgian public authorities and/or the European or supranational institutions, under those terms of reference,
  • follow up the preparations for the drafting of laws, regulations and decrees on Asset Management in Belgium, at the Belgian, European and international level, under those terms of reference, as well as study the consequences of the enforcement of those laws, regulations and decrees,
  • provide its members with information, advice and explanation as well as offer training programmes dealing with any matter pertaining to Asset Management in Belgium; in this, the Association will make an outline of the following asset management Business Lines: collective investment undertakings, institutional investors and private customers,
  • promote the communication between its members as well as between its members and all stakeholders in and outside Belgium,
  • promote and defend the common professional interests of its members and the Belgian financial sector in general, among other things within the framework of proceedings with any administrative authority or court,
  • take part in debates and panels which concern the interests of its members or the objectives mentioned above from a professional, political, social and educational point of view.

 

The “BEAMA VZW” association is a constituent association of “Febelfin VZW”, the Belgian Financial Sector Federation. See: https://www.febelfin.be.

As for its representation at the European level, “BEAMA VZW” is also a member of EFAMA - the European Fund and Asset Management Association. See: http://www.efama.org.

 

[1] English translation of the “Association Belge des organismes de Placement Collectif – Belgische Vereniging van Instellingen van Collectieve Belegging (ABOPC-BVICB)”

[2] English translation of the “Association belge des Gestionnaires de Fortune et des Conseillers en Placement – Belgische Vereniging van Vermogensbeheerders en Beleggingsadviseurs (ABGC-BVVB)”.