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Financial Regulation – Q2 2023 Update

Changes to Dutch financial regulations entered into force on or around 1 July, including notable amendments for holders of a qualifying holding in certain Dutch regulated financial institutions. We have listed the main changes in this publication.

Asset intensive reinsurance agreements – new requirement to obtain DNB’s prior consent

As of 1 January 2025, Dutch insurers must obtain the Dutch Central Bank’s prior consent before making any amendments to, or entering into an asset-intensive reinsurance agreement that allows the reinsurer to hold assets in a third country.

The new EU securitisation landscape

The EU is proposing major reforms to its securitisation framework that will reshape how financial institutions approach the market, including an overhaul of the EU Securitisation Regulation and permanent relief for SFTs under banking rules.

Nicolas Résimont

Partner Brussels

Oliver Stevens

Partner Brussels

Tom Storck

Counsel Luxembourg

Sophie Bourgois

Counsel Brussels

Tobe Inghelbrecht

Counsel Brussels

Noah Vanden Boer

Junior Associate Brussels

Carolin Baes

Junior Associate Brussels

Stibbe represents international insurance company

Stibbe assisted an international insurance company in class action proceedings before the criminal courts regarding the sale of life insurance investment products and their unraveling due to the financial downturn.

Margaux Willems

Associate Brussels

Peggy Awater

Senior Associate Amsterdam

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