On 30 August 2018, the Dutch Minister of Finance (the Minister) published a consultation on amending the Dutch national regime under Section 3 of the Markets in Financial Instruments Directive (recast) (MiFID II).

The Minister proposes to extend the scope of the national regime. In addition to advisors in life insurance or mortgage credit, other persons that receive and transmit orders in or advise about units in alternative investment funds (AIFs) or undertakings for collective investment in transferable securities (UCITS) may be eligible for the national regime. However, this means that there will be a lighter licence regime and a number of rules laid down pursuant to MiFID II will apply to these persons.

The consultation period will end on 12 October 2018.

View the consultation document (in Dutch only), 30 August 2018.