The Netherlands

On 9 December 2025, the European Parliament and the Council of the EU reached a provisional deal on the draft Omnibus Directive simplifying sustainability reporting and due diligence requirements for companies. The informal agreement simplifies the directives on corporate sustainability reporting and corporate sustainability due diligence by reducing the reporting burden and limiting the trickle-down…

On 9 December 2025, there was published in the Official Journal of the EU (OJ), Commission Implementing Regulation (EU) 2025/2475 of 8 December 2025 amending the implementing technical standards laid down in Implementing Regulation (EU) 2024/3117 as regards operational risk supervisory reporting of institutions. The Implementing Regulation enters into force on the twentieth…

On 4 December 2025, the European Commission (Commission) issued a consultation on a draft Delegated Regulation amending Delegated Regulation (EU) 2019/980 on the reduced content and the standardised format and sequence of the EU Follow-on prospectus and the EU Growth issuance prospectus.

Background

Regulation (EU) 2024/2809 introduced several amendments to the Prospectus Regulation…

On 5 December 2025, the European Banking Authority (EBA) issued a consultation on draft Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) concerning material acquisitions, material transfers of assets or liabilities, and mergers and divisions involving credit institutions or (mixed) financial holding companies under the Capital Requirements Directive…

On 5 December 2025, the European Banking Authority (EBA) published a follow-up peer review report on authorisations under the revised Payment Services Directive (PSD2).

Background

The report follows-up on the EBA’s 2023 peer review report on the authorisation of payment institutions and electronic money institutions under the PSD2. It also discusses…

On 4 December 2025, the European Commission (Commission) issued a consultation on a draft Delegated Directive amending Delegated Directive (EU) 2017/593 as regards the conditions for the provision of third-party execution and research services to investment firms that provide portfolio management or other investment or ancillary services.

Background

Directive (EU) 2021/338 amended the…

On 4 December 2025, the European Commission (Commission) published a legislative package on market integration in the EU. The legislative package is central to the Commission’s Savings and Investments Union (SIU) strategy, which aims to create an integrated and connected EU-wide capital market. The Commission considers that the EU financial markets…

On 4 December 2025, the European Commission adopted a Delegated Regulation amending Delegated Regulation (EU) 2016/1675 to add Bolivia and the British Virgin Islands to the list of high-risk third countries which have provided a written high-level political commitment to address the identified deficiencies and have developed an action plan with the Financial Action Task…

On 3 December 2025, the European Commission (Commission) listed Russia as a high-risk country with strategic deficiencies in its anti-money laundering and counter-terrorist financing frameworks.

Earlier this year, the Commission adopted Delegated Regulation (EU) 2025/1393 which committed the Commission to concluding, by the end of 2025, a review of third countries not listed…