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Financial Regulatory – Update Q1 2021

Traditionally, 1 January (and 1 July) each year is a date on which new Dutch financial regulations enter into force. This year, the amendments to the Dutch Financial Supervision Act are relatively few, but other developments are worthy of attention.

A digital transition in the financial services sector

On 24 September 2020, the European Commission (the “Commission”) adopted the Digital Finance Package (the “Package”). The aim of this initiative is to create a competitive EU financial sector that gives consumers access to innovative financial products.

Webinar: Cloud computing in the financial sector

On Wednesday 4 November 2020, Marc Spuijbroek and Roderik Vrolijk will host a webinar about cloud computing in the financial sector, which, at the same time, may be relevant outside that sector. This webinar is part of the TMT Masterclasses webinar-series

Digital operational resilience as key priority for financial institutions

Financial institutions and third party ICT providers will have to strengthen their IT security organisations, as the European Digital Operational Resilience Act is expected to be fully applicable in early 2025 after a two-year implementation period.

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