In the context of a recent round-table on technological innovation in the Dutch financial sector (FinTech), the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, AFM) published a position paper on FinTech.

In this paper, the AFM expresses its view on FinTech and the implications thereof for its supervision and the financial sector as a whole. The AFM states that Dutch financial markets have already been undergoing significant change as a result of FinTech, but that recently these changes have been gaining momentum that have led to new regulatory considerations for the regulator. Therefore, the AFM sees it as its primary objective to clarify questions which arise as a result of FinTech.

In order to adequately monitor these developments and understand the impact on the capital- and retail markets, the AFM has formed an ‘Innovation and Fintech’ (Innovatie en Fintech) program team.

View the AFM’s position paper (Dutch only), 22 January 2016.

Photo of Nikolai de Koning Nikolai de Koning

Nikolai de Koning is a financial services lawyer (advocaat) based in Amsterdam. Nikolai is experienced in financial services and banking law, as well as in data privacy (protection). He is experienced in advising on regulatory and compliance aspects relevant to financial…

Nikolai de Koning is a financial services lawyer (advocaat) based in Amsterdam. Nikolai is experienced in financial services and banking law, as well as in data privacy (protection). He is experienced in advising on regulatory and compliance aspects relevant to financial institutions, such as insurance companies, investment firms, clearing institutions and central counterparties. Nikolai also advises on Dutch licence and notification requirements and he assists companies in their licence or notification processes with the Dutch financial regulators. He also specialises in privacy issues arising out of online products, data protection and e-commerce.