Tracks financial services regulatory developments and provides insight and commentary
On 14 June 2019, the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, AFM) and the Dutch Central Bank (De Nederlandsche Bank, DNB) published the draft Decree amending the Suitability Policy Rule 2012 (Besluit tot wijziging van de Beleidsregel Geschiktheid 2012, the Decree) for public consultation.
The…
On 12 June 2019, the Financial Supervision Funding Regulation 2019 (Regeling bekostiging financieel toezicht 2019, the Regulation) was published in the Dutch Government Gazette (Staatscourant).
The Regulation is based on the Financial Supervision Funding Act (Wet bekostiging financieel toezicht) and the Financial Supervision Funding Decree 2019 (Besluit bekostiging…
On 7 June 2019, the Dutch Minister sent the Amendment Decree Financial Markets 2019 (Wijzigingsbesluit financiële markten 2019, the Amendment Decree) to the Dutch Parliament (Tweede Kamer) and the Dutch Senate (Eerste Kamer).
Among other things, the Amendment Decree will amend the Decree on Conduct of Business Supervision…
On 23 May 2019, the Act extending notification obligations for shareholders (Wet uitbreiding meldplichten aandeelhouders, the Act) was published for consultation. Chapter 5.3 of the Act on the Financial Supervision (Wet op het financieel toezicht, AFS) will be amended.
The Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten…
On 4 February 2019, the Dutch Minister of Finance (the Minister) proposed an amendment to the Exemption Regulation AFS (Vrijstellingsregeling Wft, the Regulation), stipulating that Article 10 of the Regulation (also known as: the third-country regime) will temporarily apply to investment firms from the UK if the UK and the EU have…
On 29 January 2019, the Dutch Central Bank (De Nederlandsche Bank, DNB) published a final Q&A which provides clarification as to whether warranties typically included in purchase agreements can be considered a non-life insurance (schadeverzekering) policy.
According to DNB, a warranty in a purchase agreement in principle does not qualify as…
On 17 December 2018, the Dutch Minister of Finance (the Minister) sent a letter to the Dutch Parliament on the decision-making progress with regard to the revised EU prudential framework for investment firms. This framework consists of a proposal for a regulation on prudential requirements for investment firms (the Investment Firm Regulation) and…
On 17 December 2018, the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, AFM) published a news item on the outcome of its periodical investigation into investment firms and their compliance with the Act on the prevention of money laundering and financing of terrorism (Wet ter voorkoming van witwassen en…
On 2 November 2018, the Regulation on costs for one-time supervisory actions (Regeling bekostiging financieel toezicht eenmalige handelingen, the Proposed Regulation) was published for consultation.
The Proposed Regulation will amend the fees for one-time supervisory actions by the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, AFM) and the Dutch…
On 10 October 2018, the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, AFM) published the following forms in relation to the Money Market Funds Regulation (MMFR) in its Digital Portal:
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