Regulatory Alerts2024-05-27
AFM Legislative Brief 2024
The Dutch Authority for the Financial Markets (AFM) submits its 2024 Legislative Brief to the Ministers of Finance and Poverty, Participation and Pensions, highlighting key regulatory challenges driven by digitalization, internationalization, and sustainability transitions. The AFM requests legislative amendments to mandate gross short position reporting by market makers, align pension product advice with SFDR sustainability preferences, and strengthen enforcement powers for financial reporting oversight. Additionally, the authority urges the resolution of four outstanding legislative priorities: establishing administrative law bases for data reporting and enforcement, updating the definition of financial services under the Whc for crypto assets, and introducing a notification obligation for pension providers regarding communication errors.