25 results FAQ: Hoe lang duurt een bestuursrechtelijke bezwaar- en (hoger) beroepsprocedure? Voor vrijwel alle betrokkenen bij een besluit speelt op enig moment de vraag hoe lang een bestuursrechtelijke bezwaar- dan wel (hoger) beroepsprocedure tegen dat besluit in beslag neemt. European Banking Federation Guidance on testing of Cloud Exit Strategy Financial institutions may outsource critical or important functions to cloud service providers (“CSPs”). On 25 February 2019 the European Banking Authority (“EBA”) provided guidelines (the “EBA Guidelines”) laying out the framework for outsourcing arrang Dutch fintech Action Plan - stimulating growth in the Dutch fintech sector On 3 July 2020, the Dutch Minister of Finance and the Secretary of State for Economic Affairs published an action plan to support the Dutch Fintech sector. Dutch Council of State cross-border decision: Minister rightly imposed fines on Curacao-based online platform for medicinal products In the summer of 2021, the Dutch Council of State ruled that the Curacao-based company responsible for the website Dokteronline.com had rightly received two administrative fines. DNB to start investigations on compliance with sanction regulations On 30 March 2022, the Dutch Central Bank (De Nederlandsche Bank, "DNB") announced that it will start investigations to determine whether financial institutions take sufficient measures to comply with sanction regulations. The ECN+ Directive implemented in Belgium and introduction of merger filing fees On 7 March 2022, the Act implementing the ECN+ Directive into Belgian law was published in the Belgian Official Gazette. The Act entered into force on 17 March 2022. Updated FAQ clarifies that listed companies do not have to register their UBO in Belgium The Belgian AML Act does not provide an exemption for listed companies regarding the registration of their UBO. According to a recently updated government FAQ, however, listed companies do not have to register their UBO. Stibbe advises Centtrip Stibbe advises Centtrip, one the UK's premier and most innovative fintech companies, on expanding into the European mainland by setting up a regulated electronic money institution in the Netherlands and its licence application with the Dutch Central Bank. ESMA publishes report on licencing of fintech firms across europe On 12 July, the European Securities and Markets Authority ("ESMA") published a report on the status of licencing regimes of FinTech firms across the European Union ("EU"). ICO to impose record-breaking fines for inadequate security measures and data breaches Though the European data protection authorities have taken their time in enforcing the GDPR two announcements by the ICO in the UK regarding proposed fines for British Airways and Marriott demonstrate that large fines are about to start landing regularly. Hydrogen: Consultation by the Dutch regulator (ACM) on the role of group companies of TSOs and DSOs in the Dutch hydrogen market On 30 March 2020, the Dutch Minister of Economic Affairs and Climate Policy presented the ‘Government strategy on hydrogen’, detailing the government strategy and policy agenda on hydrogen. Can the government refrain from imposing enforcement measures if it is not within the offender’s power to comply with a standard? What should be done if a stakeholder makes a request to the government for enforcement to rectify violations in a scenario where the offender does not have full power to comply because of a reliance on third parties? FAQ: What to do in case of administrative supervision? Dutch supervisory bodies regularly use inspections to carry out administrative supervision. FAQ: What does the energy savings obligation under the Activities Environmental Management Decree mean today and what changes will apply as of 1 July 2023? Article 2.15 of the Activities Decree currently requires operators of so-called Type A and Type B establishments to implement all energy saving measures with a payback period of five years or less. Commission publishes PSD3 and PSR Proposal; a tightening of the regulation of payment services providers in the EU On June 28, 2023, the European Commission published a set of new legislative proposals, including PSD3, aimed at ushering in the digital era for payments and the broader financial sector, with a particular focus on consumers. The latest Legal Updates straight to your mailbox We publish high-quality legal knowledge and insights on our website on a daily basis. If you would like to be promptly informed about the latest developments within your areas of interest, we invite you to sign up for our Legal Updates. One year of GDPR - The regulatory warm-up The first year of the General Data Protection Regulation ("GDPR") is over. Entry into force of the RBE Regulation and update The Grand-Ducal Regulation on beneficial owner registration came into force on 1 March 2019, detailing the RBE Law. The LBR Circular 19/01 of 25 February 2019 further explains the new beneficial owner register to assist users. Pagination Current page 1 Page 2 Next page
FAQ: Hoe lang duurt een bestuursrechtelijke bezwaar- en (hoger) beroepsprocedure? Voor vrijwel alle betrokkenen bij een besluit speelt op enig moment de vraag hoe lang een bestuursrechtelijke bezwaar- dan wel (hoger) beroepsprocedure tegen dat besluit in beslag neemt.
European Banking Federation Guidance on testing of Cloud Exit Strategy Financial institutions may outsource critical or important functions to cloud service providers (“CSPs”). On 25 February 2019 the European Banking Authority (“EBA”) provided guidelines (the “EBA Guidelines”) laying out the framework for outsourcing arrang
Dutch fintech Action Plan - stimulating growth in the Dutch fintech sector On 3 July 2020, the Dutch Minister of Finance and the Secretary of State for Economic Affairs published an action plan to support the Dutch Fintech sector.
Dutch Council of State cross-border decision: Minister rightly imposed fines on Curacao-based online platform for medicinal products In the summer of 2021, the Dutch Council of State ruled that the Curacao-based company responsible for the website Dokteronline.com had rightly received two administrative fines.
DNB to start investigations on compliance with sanction regulations On 30 March 2022, the Dutch Central Bank (De Nederlandsche Bank, "DNB") announced that it will start investigations to determine whether financial institutions take sufficient measures to comply with sanction regulations.
The ECN+ Directive implemented in Belgium and introduction of merger filing fees On 7 March 2022, the Act implementing the ECN+ Directive into Belgian law was published in the Belgian Official Gazette. The Act entered into force on 17 March 2022.
Updated FAQ clarifies that listed companies do not have to register their UBO in Belgium The Belgian AML Act does not provide an exemption for listed companies regarding the registration of their UBO. According to a recently updated government FAQ, however, listed companies do not have to register their UBO.
Stibbe advises Centtrip Stibbe advises Centtrip, one the UK's premier and most innovative fintech companies, on expanding into the European mainland by setting up a regulated electronic money institution in the Netherlands and its licence application with the Dutch Central Bank.
ESMA publishes report on licencing of fintech firms across europe On 12 July, the European Securities and Markets Authority ("ESMA") published a report on the status of licencing regimes of FinTech firms across the European Union ("EU").
ICO to impose record-breaking fines for inadequate security measures and data breaches Though the European data protection authorities have taken their time in enforcing the GDPR two announcements by the ICO in the UK regarding proposed fines for British Airways and Marriott demonstrate that large fines are about to start landing regularly.
Hydrogen: Consultation by the Dutch regulator (ACM) on the role of group companies of TSOs and DSOs in the Dutch hydrogen market On 30 March 2020, the Dutch Minister of Economic Affairs and Climate Policy presented the ‘Government strategy on hydrogen’, detailing the government strategy and policy agenda on hydrogen.
Can the government refrain from imposing enforcement measures if it is not within the offender’s power to comply with a standard? What should be done if a stakeholder makes a request to the government for enforcement to rectify violations in a scenario where the offender does not have full power to comply because of a reliance on third parties?
FAQ: What to do in case of administrative supervision? Dutch supervisory bodies regularly use inspections to carry out administrative supervision.
FAQ: What does the energy savings obligation under the Activities Environmental Management Decree mean today and what changes will apply as of 1 July 2023? Article 2.15 of the Activities Decree currently requires operators of so-called Type A and Type B establishments to implement all energy saving measures with a payback period of five years or less.
Commission publishes PSD3 and PSR Proposal; a tightening of the regulation of payment services providers in the EU On June 28, 2023, the European Commission published a set of new legislative proposals, including PSD3, aimed at ushering in the digital era for payments and the broader financial sector, with a particular focus on consumers.
The latest Legal Updates straight to your mailbox We publish high-quality legal knowledge and insights on our website on a daily basis. If you would like to be promptly informed about the latest developments within your areas of interest, we invite you to sign up for our Legal Updates.
One year of GDPR - The regulatory warm-up The first year of the General Data Protection Regulation ("GDPR") is over.
Entry into force of the RBE Regulation and update The Grand-Ducal Regulation on beneficial owner registration came into force on 1 March 2019, detailing the RBE Law. The LBR Circular 19/01 of 25 February 2019 further explains the new beneficial owner register to assist users.