The EU Council published its proposals for a Single Supervisory Mechanism for banks in the Eurozone last month.

The District Court in Rotterdam recently ruled that the Authority for the Financial Markets may ask for copies of business documents by sending a letter to that effect.

The coalition agreement contains an undertaking to provide a statutory basis for a duty of care for banks.

From 2014, investment companies may no longer receive or pay commission from or to third parties.

Parties looking to conclude OTC derivatives contracts (derivatives that are traded outside regulated markets) will face many new requirements due to the recently adopted EMIR Regulation.

A brief description of the roles for the new commission which has been set up to investigate the structure of the Dutch banking sector.

The Minister of Finance has determined an amount which will be made available for the Relief scheme for life insurers in financial distress.

Managers of investment funds that exclusively manage the assets of pension funds will be subject to the rules of the AIFM Directive, to be implemented in the Netherlands in July 2013.

The Second Chamber has approved a bill introducing a temporary resolution levy.

The turmoil in financial markets also reveals concerns lawyers. Particularly those working in the field of Mergers & Acquisitions suffer from uncertainty.

The Council of the European Union has approved amendments to the Transparency Directive.

In its recent draft regulatory technical standards, the ESMA provides an overview of situations requiring a supplement to a prospectus.

In an interim judgment, the District Court of The Hague decided that a report of findings prepared by external legal counsel had to be produced to the defendants in the proceedings.

The EU Council has published its proposals for a single supervisory mechanism for banks in the Eurozone last month.

A brief discussion of the Commission's approval of the three implementing technical standards and six regulatory technical standards in December 2012.

The European Commission has published proposals to strengthen rules against money laundering and terrorist financing.

A summary of adopted delegated regulation supplementing the Directive on Alternative Investment Fund Managers.

The US Federal Reserve and the Office of the Comptroller of the Currency have taken official enforcement actions against JP Morgan Chase.

Allianz SE has agreed to pay USD 12,396,423 to settle charges of violating the US Foreign Corrupt Practices Act.

The pilot concerns cases involving violations of section 2:80.1 FMSA (acting as an intermediary without a licence) where the offender does not dispute the facts and legal assessment of the facts and cooperates with a fast-track processing of the case.