Market Conduct

On 9 July 2026, the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, AFM) issued a news update on the findings of an exploratory study of the online choice environment of platforms that offer embedded insurance.

The study shows that these environments often contain several elements that may encourage consumers to

On 20 July 2026, the Dutch Minister of Finance published the Implementation Act on the review of MiFID II 2026 (Implementatiewet herziening MiFID II 2026, the Implementation Act) in the Dutch Government Gazette. Please refer to our earlier blog about the delayed implementation of the MiFID II review.

The Implementation Act amends

On 23 July 2026, the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, AFM) issued a news update on areas of attention for compliance and internal audit functions at Alternative Investment Fund Managers (AIFMs) and managers of Undertakings in Collective Investment in Transferable Securities (UCITS Managers)(collectively referred

On June 30, 2026, the German regulator, the Federal Financial Supervisory Authority (Bundesanstalt für FinanzdienstleistungsaufsichtBaFin), published the revised circular “Minimum Requirements for Risk Management “(Mindestanforderungen an das Risikomanagement (MaRisk)) after consultation. It is the ninth revision of the MaRisk.

In brief, the revised MaRisk are shorter, more principles-based

On 17 June 2026, the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, AFM) published its Supervisory Review & Evaluation Process (SREP) market overview 2025.  The SREP is a periodic survey that investment firms are required to complete, of which the results are used by the AFM to develop

The Senate has adopted the amendment to the bonus cap on 19 May 2026. This update outlines the key changes introduced by the amendment, including its impact on identified staff and the broader remuneration framework within the financial sector.

We also highlight practical steps that financial institutions may wish to consider in light of these

On 15 April 2026, Ofgem published a letter to all wholesale energy market participants and other interested parties setting out its concerns regarding the use of thresholds for the determination

of inside information under Article 4 of the Regulation on Wholesale Energy Market Transparency and Integrity (REMIT).

In particular, Ofgem is concerned with

On 19 February 2026, the European Securities and Markets Authority (ESMA) issued a Consultation Paper on MAR guidelines on delay in the disclosure of inside information.

Background

Under the Market Abuse Regulation (MAR), issuers are to disclose to the public as soon as possible the inside information that directly concerns

On 17 December 2025, the European Commission published for consultation a draft Delegated Regulation together with an Annex which amends Delegated Regulation (EU) 2016/522 in order to establish a list of designated trading venues for the purpose of implementing the mechanism to exchange order data referred to in Article 25a of the Market Abuse Regulation