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ARTICLE · 08 FEBRUARY 2013

New Legislation And Regulations

De Brauw Blackstone Westbroek
De Brauw Blackstone Westbroek
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A brief description of the provisions of the Financial Markets Amendment Bill 2013.

NetherlandsFinance and Banking
Francine Schlingmann
Francine Schlingmann
Joost Schutte
Joost Schutte
Marnix Somsen
Marnix Somsen
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Financial Markets Amendment Bill 2013

The majority of provisions of this bill came into force on 1 January 2013, introducing the following substantive changes:

  • The public offer rules are amended on a few points
  • Based on a new second subsection of section 5:4 FMSA, the Netherlands Authority for the Financial Markets (AFM) can rule that the "conversion exception" does not apply.
  • The bill provides a basis for further regulating the remuneration or fees of financial service providers and for prohibiting certain types of commission (see also the Financial Markets Amendment Decree 2013). Disclosure requirements have also been tightened and made mandatory for all distribution channels.

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