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Decree to amend the Decree on the Funding of Financial Supervision, etc. (Implementation of European Directive 2007/64/EC)

Factsheet

This Decree serves to implement Directive 2007/64/EC of the European Parliament and of the Council of 13 November 2007 on payment services in the internal market amending Directives 97/7/EC, 2002/65/EC, 2005/60/EC and 2006/48/EC and repealing Directive 97/5/EC.

Published: 29 October 2009

The Decree concerns the elaboration of the licensing requirements and the ongoing supervision requirement in the Decree on Prudential Rules for Financial Undertakings (Besluit prudentiële regels Wft) and, in addition, provides for the resulting changes to a number of other Decrees, namely:

  • Decree on the Funding of Financial Supervision (Besluit bekostiging financieel toezicht);
  • Decree on Administrative Fines in the Financial Sector (Besluit bestuurlijke boetes financiële sector);
  • Decree on Market Access of Financial Undertakings (Besluit Markttoegang financiële ondernemingen);
  • Decree on Prudential Supervision of Financial Groups (Besluit prudentieel toezicht financiële groepen Wft);
  • Decree on Conduct of Business Supervision of Financial Undertakings (Besluit Gedragstoezicht financiële ondernemingen)