The Netherlands

Topic: Consumer credit

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Roadmap – Consumer credit agreements and review of EU rules

On 23 June 2020, the European Commission published a roadmap concerning a review of the Consumer Credit Directive (CCD). Following a REFIT Platform opinion recommending an assessment of the relevance, effectiveness and efficiency of the standard information to be included in advertising concerning credit agreements, the Commission evaluated the CCD in 2018-2019. The full results … Continue Reading

Amendment Decree Financial Markets 2019 submitted to Dutch Parliament and Dutch Senate

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 of Financial Undertakings (Besluit Gedragstoezicht financiële ondernemingen … Continue Reading

Dutch Minister of Finance publishes results of investigation into credit warning

On 6 December 2016, the Dutch Minister of Finance (the Minister) informed the Dutch Parliament on the results of an investigation conducted by the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, the AFM) into the mandatory credit warning (kredietwaarschuwing), which was introduced in April 2009 in order to, among other things, stimulate consumers … Continue Reading