Following an article published in the Dutch Financial Times on 28 July 2024, members of the Dutch Parliament submitted questions to the Minister of Finance regarding the upcoming crypto supervision by the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, AFM) under the Markets in Crypto-Assets Regulation (MiCAR). The
Jessie Steinebach
Investment firms can register as a DPE with the AFM
As of 9 September 2024, investment firms may register as a Designated Publishing Entity (DPE) with the Dutch Authority for the Financial Markets (AFM). The review of the Markets in Financial Instruments Regulation (MiFIR review) has introduced the DPE status.
Previously, investment firms that met the definition of a…
DNB organises two seminars on DORA for the financial sector.
The Digital Operational Resilience Act (DORA) has entered into force in January 2023 and will apply from 17 January 2025 onwards.
As January 2025 is fast approaching, the Dutch Central Bank (De Nederlandsche Bank, DNB) is organising two seminars in October 2024 which aim to answer any questions the financial…
AFM reminds market participants of ESMA’s MiFID II/ MiFIR review consultations
In its newsletter of 30 August 2024, the Dutch Authority on the Financial Markets (Autoriteit Financiële Markten, AFM) reminds Dutch market parties that the European Securities and Markets Authority (ESMA) has published consultation packages regarding the review of the Markets in Financial Instruments Regulation (MIFIR) and the second Markets in…
AFM shares SREP results
The Supervisory Review & Evaluation Process (SREP) is a periodic survey that investment firms need to complete. In 2023, the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, AFM) sent two questionnaires to approximately 250 investment firms and has now published generic results of that survey.
The results of…
AFM publishes 10 waypoints for CSRD reporting
The Corporate Sustainability Reporting Directive (CSRD) will come into effect for large listed companies for the 2024 financial year. According to the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, AFM) an important part of the CSRD is the double materiality analysis. The aim is to demonstrate what effect…
The AFM publishes its first MiCAR newsletter
On 13 May 2024, the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, AFM) published its first MiCAR newsletter. The newsletter sets out insights from the pre-scan procedures the AFM offers to potential Crypto-Assets Service Providers (CASPs) under the Regulation on markets in crypto-assets (MiCAR).
In February 2024…
AFM published an interpretation regarding group insurances
On 14 March 2024, the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, the AFM) published its interpretation of a ruling by the Court of Justice of the European Union (the CJEU) of 2022 regarding the licensing requirement for the intermediation of group insurances. In this interpretation, the AFM indicates…