On 16 January 2020, the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, AFM) published its agenda for 2020 and a strategy document outlining the AFM’s focus areas for the coming years 2020 to 2022.
31 Jan 2020
In the Agenda 2020, the AFM states that the five most important trends for its supervision are digitalisation, macroeconomic developments, changes in European and other regulation, geopolitical developments and the transition to a sustainable economy. Furthermore, the document explains the renewed strategy of the AFM.
The AFM’s mission is to translate the five aforementioned trends into tangible supervisory objectives for the financial markets. The AFM indicates that it will continue to make its supervisory processes more data driven and to develop the knowledge and competences of its employees.
The Strategy 2020-2022 sets out the AFM’s strategy for the coming three years covering four areas of supervision:
- Financial services (protection of customers in vulnerable situations);
- Capital markets (a robust infrastructure and fair trading practices);
- Asset management (a sustainable business model for asset managers and due care for clients); and
- Auditing (improved quality of audits and contribution to effective incentives for audit firms).
In addition, the AFM provides more detail on its supervisory approach and philosophy, i.e. describing how they operate and how they make their decisions.
This article was originally published in the January edition of REGWATCH. Read the full edition covering the following jurisdictions:
- European Union
- Hong Kong
- United Kingdom