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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.

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").

Erik Valgaeren

Partner Brussels

Digital Law Up(to)date: Application of the private copy exception to cloud computing

The CJEU stated that the private copy exception (copyright) applies to cloud computing.

Launch of Metaverse blog series

Stibbe launches a new blog series focusing on the legal challenges of the Metaverse. In our upcoming blog posts, we will discuss the legal challenges of NFTs, crypto-assets, Metaverse platforms, crypto exchanges, DAO, and many more.

Find my address… if you can: Constantin Film Verleih v. Youtube and Google

On 9 July 2020, the CJEU clarified the scope of the right of information in the context of IP rights infringement proceedings.

Stibbe advises Google

Stibbe represented Google in a high-profile copyright litigation against Copiepresse before the Belgian courts.

ESG risk management: developments in the Dutch and EU financial sector

What ESG risk rules are coming for EU/Dutch financial firms? DNB’s new climate risk Guide for insurers, pension funds, and payment firms aligns with EBA ESG Guidelines. This blog explains how both shape the future of EU ESG risk management.

The Guidelines for providers of General Purpose AI Models are here: the 10^23 FLOPS question?

The European Commission published Guidelines for GPAI model providers, helping them understand AI Act requirements for general purpose AI models before the 2 August 2025 compliance deadline.

DNB and AFM Joint Report on digital dependence in the financial sector

On 20 October 2025, the Dutch Central Bank and the Dutch Authority for the Financial Markets published a joint report on the current state of financial sector’s dependence on non-European IT Infrastructure.

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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