On 4 September 2019, the Dutch Minister of Finance published a regulation adding a new provision to the Exemption Regulation AFS (Vrijstellingsregeling Wft) containing an exemption from the Dutch licence obligation for Singapore and US market operators that operate trading venues (organised trading facilities and multilateral trading facilities) in the Netherlands (the Regulation).
The Regulation stipulates that the exemption will only be available insofar as the following two conditions are met:
- only derivatives are being traded on the trading venue; and
- the trading venue must be listed in Implementing Decision (EU) 2019/541 (where it concerns Singapore) or Implementing Decision (EU) 2017/2238 (where it concerns the US).
The Regulation entered into force on the date of its publication (4 September 2019).
View the Regulation (Dutch only).