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The Netherlands amend Financial Supervision Act to implement BMR

On 17 January 2020, the Law of 4 December 2019 amending the Financial Supervision Act and the Economic Offenses Act in connection with the implementation of Regulation (EU) No 2016/1011 of the European Parliament and of the Council of 8 June 2016 on indices that are used as benchmarks for financial instruments and financial agreements or to measure the performance of investment funds was published in the Official Gazette of the Kingdom of the Netherlands.

31 Jan 2020

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The law is cited as Financial Benchmarks Regulation Implementation Act. It serves the purpose to lay down rules for the implementation of Regulation (EU) No 2016/1011, the European Benchmarks Regulation (BMR). More specifically, it adds the BMR to the list of regulations for which the Dutch supervisors ensure compliance of financial institutions.

The law enters into force on a date to be determined by Royal Decree.

Download the Financial Benchmarks Regulation Implementation Act

This article was originally published in the January edition of REGWATCH. Read the full edition covering the following jurisdictions:

  • European Union
  • Belgium
  • France
  • Germany
  • Hong Kong
  • Ireland
  • Italy
  • Luxembourg
  • Switzerland
  • United Kingdom

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