Dutch financial laws and regulation in force on or about 1 July 2015

Conference - On 2 October 2018, Stibbe will host the Loan Market Association's Amsterdam Early Evening Seminar, which will cover an update on the interest rate benchmark (EURIBOR/LIBOR) reform.

Short Reads - ISDA publishes consultation on benchmark fallbacks. As part of an initiative to amend its standard derivatives documentation to facilitate the replacement of existing interbank offered rates (IBORs) by risk free rates (RFRs), the International Swaps and Derivatives Association (ISDA) has published a consultation paper on certain adjustments required to such RFRs.

Short Reads - A team from Stibbe has participated in the public consultation launched by the Minister of Finance on additional remuneration restrictions within the financial sector. In their response (in Dutch), the Stibbe team pointed out that there are several legal objections to the proposed measures. Furthermore, the team has raised questions regarding the necessity and legal justification for introducing these additional measures.

Short Reads - Op 25 april 2018 heeft de Afdeling advisering van de Raad van State (hierna Raad van State) een kritisch advies uitgebracht over het initiatief-wetsvoorstel om de wet op het financieel toezicht (Wft) te wijzigen. Op 5 juli 2018 is dit advies tezamen met de reactie van de initiatiefnemers van het wetsvoorstel op het advies van de Raad van State gepubliceerd, evenals het aangepaste wetsvoorstel dat is aangeboden aan de Tweede Kamer.