On 20 October 2025, the Dutch Authority for Financial Markets (Autoriteit Financiële Markten, the AFM) and the Dutch Central Bank (De Nederlandsche Bank, DNB) published a report about digital dependency in the financial sector. The key message is that the Dutch financial sector faces systemic risks as it has
Draft Implementation Act Review MiFID II and MiFIR published for consultation
On 20 October 2025, the draft Implementation Act regarding the review MiFID II and MiFIR (Implementatiewet herziening richtlijn markten voor financiële instrumenten 2014, the Draft Implementation Act) was published for public consultation.
The Draft Implementation Act transposes the amended Markets in Financial Instruments Directive (MiFID II) into the Act
The Netherlands introduces ban on cash payments of EUR 3,000 or more
On 9 October 2025, the Anti-Money Laundering Action Plan Act (Wet plan van aanpak witwassen, the Act) was published in the Dutch Government Gazette. The Act introduces a ban on cash payments of EUR 3,000 or more by traders of goods in the Netherlands.
This measure forms part of the Dutch government’s
DNB update on supervisory costs
On 30 September 2025, an amendment to the Regulation on supervisory costs of one-off actions (the Supervisory Costs Regulation) was published. The Regulation increases the rates charged by the Dutch Central Bank (De Nederlandsche Bank, DNB) for one-off supervisory actions. One-off supervisory actions are, for instance, screenings of (co-)policymakers and applications
AFM MiCAR newsletter – Update on proprietary trading under MiCAR and information session
On 30 September 2025, the Dutch Authority for Financial Markets (Autoriteit Financiële Markten, the AFM) issued a newsletter on the Markets in Crypto-Assets Regulation (MiCAR). In this newsletter, the AFM, among other things, provides an update on proprietary trading under MiCAR.
The AFM refers to the Q&As issued by the European
Draft Act Implementing 6AMLD published for consultation
On 4 July 2025, the draft Implementation Act on the prevention of money laundering and terrorism financing (Implementatiewet ter voorkoming van witwassen en terrorismefinanciering, Draft Implementation Act) was published for public consultation. The Draft Implementation Act transposes the Sixth Anti-Money Laundering Directive (Directive (EU) 2024/1640, AMLD6) into Dutch law. It
AFM flags points of attention for light AIFMs
On 30 June 2025, the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, the AFM) issued a sector letter addressed to alternative investment fund managers (AIFMs) operating under the so-called ‘light’ regime. These light AIFMs are exempt from the licensing requirement under the EU Alternative Investment Fund Managers Directive
AFM update on MiCAR and transition period
On 12 June 2025, the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, the AFM) issued its latest newsletter outlining developments related to the Markets in Crypto-Assets Regulation (Regulation 2023/1114, MiCAR). A key focus of this update is the AFM’s supervisory strategy following the end of the transitional period.
After
Dutch government publishes new approach to AML
On 14 May 2025, the Dutch government published their new approach to anti-money laundering (AML) in a letter to the Dutch Parliament. The Dutch government has introduced a new direction in its AML policy, driven by concerns that existing measures have placed an undue burden on legitimate citizens and businesses. In a recent
Implementation Act on financial services contracts concluded at a distance published for consultation
On 18 April 2025, the Dutch Minister of Finance published the draft implementation act on financial services contracts concluded at a distance (the Draft Implementation Act) for consultation. The Draft Implementation Act aims to implement Directive (EU) 2023/2673 into Dutch law. The Draft Implementation Act provides for various consumer protection requirements that will apply