Council Publishes Proposals For Banking Union

In connection with investigations into possible rate fixing by banks, the European Commission has amended its proposals for regulation on insider trading and market manipulation.

Enforcement actions by criminal and supervisory authorities are settled regularly.

The act to implement the revised Consumer Credit Directive (the Implementation Act) was published on 12 November 2025 and is currently before the Council of State for advice.

The implementation of the revised Consumer Credit Directive (CCD II) introduces significant regulatory changes for consumer credit providers and intermediaries in the Netherlands. With the AFM already processing licence applications and new clarity emerging on creditworthiness assessments for 'buy now, pay later' services, market participants face evolving compliance requirements and potential enforcement approaches as the legislation moves through final approval stages.

The Court of Justice of the European Union has delivered a landmark judgment clarifying whether businesses that receive, hold and transfer client funds are providing regulated payment services under PSD2.

De Wet op het financieel toezicht (Wft) verbiedt het aanbieden van krediet aan consumenten zonder vergunning van de AFM. Dit artikel biedt een praktisch overzicht van de belangrijkste aandachtspunten bij kredietverstrekking, inclusief recente jurisprudentie en concrete handvatten om te bepalen wanneer de vergunningplicht wel of niet van toepassing is.

The Dutch Central Bank (DNB) has introduced a revised enforcement policy that imposes administrative fines and penalty payment orders on designated reporting entities that repeatedly fail to submit statistical reports on time. Captive financial institutions, fund managers, securitisation vehicles, and certain holding and royalty companies must now ensure their governance frameworks support timely compliance...

Syndicated financing allows borrowers to access capital beyond what a single lender can provide by distributing risk across multiple parties. In the Netherlands, a parallel debt mechanism addresses legal uncertainties around security interests, enabling a security agent to hold collateral on behalf of all lenders while maintaining clear enforcement rights.

The revised European Market Infrastructure Regulation (EMIR 3), which came into effect on 24 December 2024, aims to enhance the transparency, stability, and safety of the financial markets within the EU.

In June 2014, Transparency International published new guidance on countering small bribes, including "facilitation payments".

This month, a combined settlement was reached with one of China's biggest manufacturers of telecom equipment, Zhongxing Telecommunications Ltd. (ZTE).

A critical deadline looms for European issuers with securities traded outside the EU, as a key grandfathering clause under the CSD Regulation expires on 17 January 2027. Without timely regulatory action, third-country central securities depositories like DTC may be forced to suspend services to affected EU issuers, potentially disrupting trading in their equity and debt instruments on international markets.

Environmental, social and governance (ESG) initiatives are now critical drivers for companies – there is no getting around it.

In connection with investigations into possible rate fixing by banks, the European Commission has amended its proposals for regulation on insider trading and market manipulation.

The SEC's whistleblower programme offers potential rewards to (former) employees who come forward.

The Netherlands is poised to grant its competition authority unprecedented power to scrutinize mergers that fall below traditional notification thresholds, targeting potentially harmful transactions such as roll-up strategies and killer acquisitions. While the Dutch House of Representatives has approved the bill despite criticism from the Council of State, the legislation introduces an asymmetric threshold system and raises standard notification requirements, fundamentally reshaping the country's merger con

The European Commission has published a proposal for a regulation to replace the Market Abuse Directive.

A critical deadline looms for European issuers with securities traded outside the EU, as a key grandfathering clause under the CSD Regulation expires on 17 January 2027. Without timely regulatory action, third-country central securities depositories like DTC may be forced to suspend services to affected EU issuers, potentially disrupting trading in their equity and debt instruments on international markets.

Enforcement actions by criminal and supervisory authorities are settled regularly.