On 12 June 2019, the Financial Supervision Funding Regulation 2019 (Regeling bekostiging financieel toezicht 2019, the Regulation) was published in the Dutch Government Gazette (Staatscourant).

The Regulation is based on the Financial Supervision Funding Act (Wet bekostiging financieel toezicht) and the Financial Supervision Funding Decree 2019 (Besluit bekostiging financieel toezicht 2019) and sets out the bandwidths and tariffs for ongoing supervisory costs levied by the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, AFM) and the Dutch Central Bank (De Nederlandsche Bank, DNB) for the year 2019.

As compared to 2018, notable amendments in relation to the AFM supervisory fees are:

  • an increase in fees for trading venues, data reporting service providers and benchmark administrators, primarily as a result of additional supervisory tasks of the AFM as a result of the EU Benchmark Regulation and the recast Markets in Financial Instruments Directive; and
  • an increase in fees for managers of investment firms, primarily as a result of a decrease in market participants.

The total supervisory fees of DNB are expected to increase for all market participants as a result of the increases in its balance of income and expenditure (exploitatiesaldo) of DNB.

View the Regulation (Dutch only), 12 June 2019.