On 25 January 2017, the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, the AFM) published two new licence application forms. The new forms are published in respect of the licence application requirements pursuant to MiFID II.
The first form is the licence application form that can be used by investment
On 23 December 2016, the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, the AFM) published its feedback statement with respect to the segregation of client assets. In addition, it published the feedback it received. The relevant amended rules as laid down in the Further Regulation on Conduct of Business Supervision
On 23 December 2016, the Dutch Minister of Finance published for consultation a draft legislative proposal implementing the Insurance Distribution Directive (IDD) (the Proposed Act). The Proposed Act will be implemented in, among others, the Act on the Financial Supervision (Wet op het financieel toezicht). The IDD aims to: (i)
On 21 December 2016, the Dutch Central Bank (De Nederlandsche Bank, DNB) published a guidance document setting out the level of investment knowledge that DNB expects from (prospective) pension fund directors (the Guidance Document).
Directors (and certain other (co-)policymakers) of, among others, pension funds, banks and insurers need to be screened
On 21 December 2016, the Dutch Minister of Finance (the Minister) published a letter in which he informs the Dutch Parliament on developments around innovative initiatives undertaken by the Dutch government and financial supervisory authorities in the Dutch financial sector to achieve a more accessible regulatory regime for innovative financial services (the Letter).
On 20 December 2016, the Dutch Minister of Finance (the Minister) published the Repair Act Financial Markets 2017 (Herstelwet financiële markten 2017) (the Repair Act). The Repair Act provides for reparations of defects and omissions that have been made while implementing European legislation into Dutch law. The Repair Act provides for
On 7 December 2016, the Parliamentary Committee of Finance (the Committee) published its report on the Act implementing the Markets in Financial Instruments Directive (recast) (MiFID II) (Wet implementatie richtlijn markten voor financiële instrumenten 2014, the Legislative Proposal). The report sets out a significant number of questions with respect to the