Here you will find the latest insights, interviews and analyses on asset management, sustainability and developments within the sector. DUFAS provides in-depth information and context on topics that affect our sector. Sign up for our newsletter or follow us on LinkedIn for even more updates!
On June 17, the European Commission published proposals to strengthen the European securitization market. A well-functioning securitization market can contribute to the objectives of the Savings and Investment Union. Think of increasing the financing possibilities for SMEs and contributing to the financing of the green and digital transitions. From DUFAS we endorse the importance of strengthening the European securitization market, but also see risks in the current proposal. Therefore, we have prepared a position paper with suggestions to adjust the proposals.
On August 29, we responded to the consultation on the Implementation Act for the Prevention of Money Laundering and Terrorist Financing (Iwt). We endorse the purpose of the law and support the government's commitment to a burden-free implementation, without additional national obligations.
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In November, ESMA published a Discussion Paper on the conditions of the Active Account Requirement (AAR) under EMIR 3. From DUFAS, we responded to this paper expressing support that compliance with the AAR should not create excessive additional costs. At the same time, we express some concerns.
New tax rules for mutual funds, effective from 2025, are causing turmoil in the industry. Some mutual funds may face unexpected tax charges as a result, putting pressure on their returns and ultimate distributions to participants. We express our concerns and call for early clarity to avoid these negative consequences.
At the end of 2023, the Tax Qualification Policy of Legal Forms Act was passed. This law introduces from January 1, 2025 a new framework to assess whether (foreign) legal forms qualify as transparent or non-transparent for tax purposes. What matters for foreign legal forms is whether they are comparable to a Dutch legal form.
