On 14 April 2026, the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, the AFM) published an update on the implementation of the revised Alternative Investment Fund Managers Directive II (AIFMD II). This update focuses on the revised conditions applicable to non-EU alternative investment fund managers (AIFMs)
2026
AFM update on information disclosure requirements for CASPs under MiCAR
On 16 April 2026, the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, the AFM) issued a press release including a supervision report assessing how well crypto-asset service providers (CASPs) comply with information disclosure requirements under the Markets in Crypto-Assets Regulation (MiCAR). The AFM finds that many…
DNB update on reporting of major ICT-related incidents under DORA
On 13 April 2026, the Dutch Central Bank (De Nederlandsche Bank, DNB) published a press release announcing changes to the reporting obligations for major ICT-related incidents under DORA. Starting in mid-April, reports submitted to DNB will be validated against the technical requirements applicable to the relevant (partial) reports.
Institutions will receive feedback…
Update on implementation MiFID II review
On 7 April 2026, the Dutch Minister of Finance submitted a further report regarding the proposed amendment to the Dutch Financial Supervision Act (Wet op het financieel toezicht, AFS) implementing the amended Markets in Financial Instruments Directive (MiFID II) and the Markets in Financial Instruments Regulation (MiFIR).
The Dutch…
Commission adopts RTS specifying what constitutes an equivalent legal mechanism that ensures that a residential property under construction is completed within a reasonable time frame
On 16 April 2026, the European Commission (Commission) adopted a draft Commission Delegated Regulation supplementing the Capital Requirements Regulation (CRR) with regard to regulatory technical standards (RTS) specifying what constitutes an equivalent legal mechanism that ensures that a residential property under construction is completed within a reasonable…
ESMA call for evidence on restricted subscription and private credit ratings
On 16 April 2026, the European Securities and Markets Authority (ESMA) issued a call for evidence on restricted subscription and private credit ratings against the background of Regulation (EC) No 1060/2009 on credit rating agencies (CRA Regulation).
The use of restricted subscription and private credit ratings has been increasing in recent…
SRB response to Commission consultation on EU banking sector competitiveness
On 16 April 2026, the Single Resolution Board issued its response to the European Commission’s targeted consultation on EU banking sector competitiveness.
New Notice in a Nutshell briefing: PRA fines bank and its parent company £2 million in connection with prudential and governance failings
On 23 March 2026, the Prudential Regulation Authority issued a Final Notice to The Bank of London Group Limited and its parent company, Oplyse Holdings Limited, imposing a financial penalty of £2 million in connection with prudential and governance failings which included misleading the PRA over capital positions and failing to maintain adequate financial resources. …
FCA publishes observations in relation to Consumer Duty Board Reports
On 16 April 2026, the Financial Conduct Authority (FCA) published observations in relation to the first two years of consumer duty board reports.
Background
The FCA explained that, under the Consumer Duty, firms must report annually on what their monitoring found about customer outcomes, and what actions they’ll take as a result.…
FCA publishes UK Short Selling Regime Policy Statement
On 16 April 2026, the Financial Conduct Authority (FCA) published its Policy Statement (PS26/5) in relation to changes to the UK short selling regime.
Background
In January 2025, HM Treasury published the Short Selling Regulations 2025 (SSR 2025) to create a new legislative framework for the regulation of short…