On 16 March 2016, the Amendment Decree Financial Markets 2016 (Wijzigingsbesluit financiële markten 2016, the Amendment Decree) entered into force. The Amendment Decree amends, amongst other things, the Decree on Conduct of Business Supervision of Financial Undertakings (Besluit Gedragstoezicht financiële ondernemingen Wft), the Decree on Prudential Rules for Financial Undertakings (Besluit prudentiële regels Wft) the Decree on Administrative Fines in the Financial Sector (Besluit bestuurlijke boetes financiële sector) and the Decree on Market Access of Financial Undertakings (Besluit Markttoegang financiële ondernemingen Wft).

The Amendment Decree is part of an annual cycle of amendments to the laws and regulations relevant for the financial markets. The Amendment Decree provides for, among other things, new rules for crowdfunding platforms and a new rule that prohibits financial services providers from receiving or paying commission for mediation or advice provided in connection with claims on premium pension institutions (premiepensioenvorderingen).

View the Amendment Decree (Dutch only), 16 March 2016.

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Photo of Nikolai de Koning Nikolai de Koning

Nikolai de Koning is a financial services lawyer (advocaat) based in Amsterdam. Nikolai is experienced in financial services and banking law, as well as in data privacy (protection). He is experienced in advising on regulatory and compliance aspects relevant to financial…

Nikolai de Koning is a financial services lawyer (advocaat) based in Amsterdam. Nikolai is experienced in financial services and banking law, as well as in data privacy (protection). He is experienced in advising on regulatory and compliance aspects relevant to financial institutions, such as insurance companies, investment firms, clearing institutions and central counterparties. Nikolai also advises on Dutch licence and notification requirements and he assists companies in their licence or notification processes with the Dutch financial regulators. He also specialises in privacy issues arising out of online products, data protection and e-commerce.

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