Regulatory Alerts2026-04-13
AFM Annual Report 2025
The Dutch Authority for the Financial Markets (AFM) issued its 2025 Annual Report detailing its supervision of fair, transparent, and future-proof financial markets, with a focus on consumer protection, sustainable finance, and compliance with new European regulations like DORA, MiCAR, and CSRD. The regulator strengthened oversight against fraud and illegal services while implementing data-driven supervision, resulting in 311 new licenses for financial service providers and 15 MiCAR licenses for crypto asset service providers. Key interventions included addressing algorithmic fairness, improving sustainability claims, managing the transition to the new pension system, and enforcing compliance through formal and informal measures that recovered €16.7 million.