Nikolai de Koning

Amsterdam

Contributor and Counsel, Financial Services Lawyer at Norton Rose Fulbright

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Articles

ESMA consults on rules for external reviewers of European Green Bonds

1 month ago | openlegalblogarchive.org | Simon Lovegrove |Nikolai de Koning

On 7 April 2025, the European Securities and Markets Authority (ESMA) published its second consultation paper on draft technical standards under the Regulation on European Green Bonds (EuGB Regulation). The EuGB Regulation requires ESMA to develop a series of technical standards on external reviewers. These have been developed in two packages. The first ESMA consultation paper was published on 26 March 2024 and a final report followed in February 2025.
ESMA clarifies some aspects of the CTP for bonds

1 month ago | openlegalblogarchive.org | Nikolai de Koning |Simon Lovegrove

On 2 April 2025, the European Securities and Markets Authority (ESMA) issued a short press release clarifying certain aspects of the Consolidated Tape Provider (CTP) for bonds. In the press release ESMA provides clarification on the:Timing of the entry into force and application of the delegated acts related to CTP and the transparency regime.
AFM update on DORA: ICT risk management

Mar 11, 2024 | regulationtomorrow.com | Nikolai de Koning

On 7 March 2024, the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, the AFM) published its third update on the European Digital Operational Resilience Act (Regulation (EU) 2022/2554, DORA). This update focuses on the requirements concerning the ICT risk management framework. The update is available via this link.
DNB questionnaire on remunerations at banks and insurers

Feb 1, 2024 | regulationtomorrow.com | Nikolai de Koning

The Dutch Central Bank (De Nederlandsche Bank, DNB) has announced that it will send a questionnaire to banks and insurers to further evaluate the Financial Institutions Remuneration Policy Act (Wet beloningsbeleid financiële ondernemingen, Wbfo). The questionnaire is a component of a broader assessment examining the influence of the Wbfo on the establishment of banks and the evolution of remuneration in the financial sector, focusing on the performance years 2019 and 2022.
AFM publishes supervisory agenda for 2024

Jan 19, 2024 | regulationtomorrow.com | Nikolai de Koning

On 15 January 2024, the Dutch Authority for Financial Markets (Autoriteit Financiële Markten, the AFM) published its supervisory agenda for 2024 (the AFM Agenda 2024). The AFM Agenda 2024 outlines the financial sector’s trends and risks while detailing the AFM’s priorities and other important events for this year. The AFM Agenda 2024 builds on the AFM’s Trend Monitor 2024, which lists important trends and related risks in the financial sector.
The Revised Code of Dutch Pension Funds

Nov 23, 2023 | regulationtomorrow.com | Nikolai de Koning

On 21 November 2023, the decision of the Dutch Minister for Poverty Policy, Participation and Pensions (Minister voor Armoedebeleid, Participatie en Pensioenen) to adopt the revised Code of Dutch Pension Funds (Code Pensioenfondsen) was published in the Government Gazette (only available in Dutch). The Pension Fund Code contains standards for good pension fund management.
Dutch Banking Association releases new sector standard for CDD applied by banks engaging with crypto service providers

Nov 15, 2023 | regulationtomorrow.com | Nikolai de Koning

Crypto service providers (cryptodienstverleners) currently registered with the Dutch Central Bank (De Nederlandsche Bank, DNB) will soon have increased clarity regarding the customer due diligence required for their banking transactions. This clarity is being provided through the new sector standard established by the Dutch Banking Association (Nederlandse Vereniging van Banken, NVB) for risk-based customer due diligence in crypto service providers.
AFM position paper on improving the SFDR

Nov 7, 2023 | regulationtomorrow.com | Nikolai de Koning

On 2 November 2023, the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, the AFM) published a position paper on improving the Sustainable Finance Disclosure Regulation (Regulation (EU) 2019/2088, the SFDR). The AFM proposes these improvements in the light of the European Commission’s current consultation on a review of the SFDR.
AFM update on MiCA implementation

Nov 3, 2023 | regulationtomorrow.com | Nikolai de Koning

On 24 October 2023, the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, the AFM) published an update on the implementation of the Markets in Crypto-Assets Regulation (Regulation (EU) 2023/114, MiCA). The AFM refers to the recent statement of the European Securities and Markets Authority (ESMA).
DNB calls on market parties to prepare for DORA

Nov 3, 2023 | regulationtomorrow.com | Nikolai de Koning

On 31 October 2023, the Dutch Central Bank (De Nederlandsche Bank, DNB) published a news update on the readiness of market parties under its supervision for the applicability of the Digital Operational Resilience Act (Regulation (EU) 2022/2554, DORA). DORA entered into force on 17 January 2023 and will be applicable as of 17 January 2025.