Financial supervision
With the entry into force of the Financial Services Act in 2006
and the Financial Supervision Act (Wet op het Financieel Toezicht
(“Wft”)) in 2007, the separate, sectoral financial supervision laws
have mostly disappeared. For the financial sector, the consequences
have been considerable.
Knowledge of the Wft not only requires knowledge of the old laws
and the intentions of the legislator when drafting the current law,
but also knowledge of the system of the law.
The Wft and the regulations based on it are extensive and subject
to regular amendment. As a result, the question of which financial
rules you will currently have to comply with is not always easy to
answer. But there is more to it. The rules are one thing, but what
these rules mean for you in practice is quite another. The
Financial Supervision Practice Group of Kennedy Van der Laan is
able to assist you in this respect. For instance by making the
legal rules of the game transparent for you and by assisting in
their translation into practical rules, or by supporting you in the
communications with the Dutch National Bank (DNB) or the
Netherlands Authority for the Financial Markets (AFM).
The Financial Supervision Practice Group consists of attorneys who
are experts in various fields, so that appropriate expertise is
always close at hand. Not only do we have knowledge of banking,
insurance and securities law, but also of, for instance,
administrative law and administrative procedural law, as well as
‘general’ procedural law. So, in the unlikely event that you become
involved in legal proceedings in which financial supervision rules
play a role, you may also benefit from what our practice group has
to offer.
Our people know what is going on in the various financial sectors,
for example because they have personally worked there. Our team is
familiar with the aspects of financial law and of financial
practice that are relevant to you. You will have one single primary
contact: an attorney who is aware of the ins and outs in your
financial world. This makes communications a lot easier.
Download Track Record Financial
supervision