The Decree on Conduct of Business Supervision of Financial Undertakings under the Wft (Besluit Gedragstoezicht financiële ondernemingen Wft) elaborates the provisions of part 4 of the Financial Supervision Act (Wet op het financieel toezicht / Wft), namely the part on the conduct of business supervision of financial undertakings. The rules in this decree are in principle set out per subject in the same order as in the part of the Act dealing with the conduct of business supervision of financial undertakings.
The Decree on Conduct of Business Supervision of Financial Undertakings under the Wft has the following 15 chapters:
Chapter 1 of the Decree includes the definitions of and the rules for holders of a dispensation as referred to in section 4:3 of the Financial Supervision Act. This concerns a prohibition against performing, in the Netherlands or from the Netherlands in another Member State, an information society service as referred to in article 15d(3) of Volume 3 of the Dutch Civil Code (Burgerlijk Wetboek) in the pursuit of a profession or business as an intermediary to acquire or receive, beyond a closed circle, repayable funds from parties other than professional market operators, as well as a section about reporting on the affiliation of institutions with a holder of a group authorisation.
Chapters 10 to 14 include rules based on provisions from Chapter 4.3 of the Financial Supervision Act. These rules contain additional provisions regarding certain financial services.
We have established that in many cases the quality of prudential reporting has room for improvement. Therefore, we have published good practices on data quality.
Read more Good Practices on data quality put up for consultation
There are two new regulatory developments of relevance to banks regarding their crypto asset exposures. Firstly, the Capital Requirements Regulation 3 (CRR3) includes a transitional regime on banks’ direct crypto asset exposures.
Read more New rules for the crypto exposures of banks
The final texts of the Capital Requirements Regulation 3 (CRR3) and the Capital Requirements Delegation 6 (CRD6) were published on 19 June 2024. With this new banking package, the final Basel 3 reforms are implemented in the European Union.
Read more Publication new banking package CRR3/CRD6
Liability-Driven Investment funds (LDI funds) mainly invest in long-term government bonds and long-term interest rate derivatives. The use of these interest rate derivatives exposes LDI funds to liquidity risks in case of large interest rate fluctuations.
Read more Limited liquidity risks in Euro LDI funds
