On 2 November 2018, the Dutch Minister of Finance (the Minister) sent a letter to the Dutch Parliament which addresses topics which the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, AFM) and the Dutch Central Bank (De Nederlandsche Bank, DNB) had requested the Minister to implement.

Amongst other things, the following topics are addressed, to:

  • investigate the introduction of a requirement for a declaration of no-objection (verklaring van geen bezwaar) for dividend distributions of financial institutions. In consultation with the DNB, the Minister decided to refrain from introducing this requirement.
  • introduce a client due diligence template for the purposes of anti-money laundering. The Minister concluded that such a template conflicts with the requirement that client due diligence should be risk-based and therefore decided to refrain from introducing this requirement.

View the letter from the Minister (Dutch only), 2 November 2018.