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!
As DUFAS we welcome the European Commission's proposal to revise the Sustainable Finance Disclosure Regulation (SFDR) as a significant and much-needed step forward for the EU sustainable finance framework. We reiterate our strong support for the SFDR and its core objectives of enhancing transparency, strengthening investor confidence, and supporting the transition to a more sustainable economy. The proposed shift toward a product-focused framework, combined with a simplification of entity-level requirements, marks an important improvement in making the regulation more practical and effective. At the same time, we recommend several targeted improvements to ensure that the revised framework is workable in practice, supports capital allocation to sustainable activities, and enhances comparability for investors. The DUFAS position statement, prepared by our SFDR Expert Group, contains several key recommendations, including:
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In June, EBA and ESMA published a Discussion Paper on the call for evidence regarding the prudential framework for investment firms. From DUFAS, we responded to this call for evidence addressing in particular the inclusion in the scope of IFR and IFD of activities of fund managers authorized to provide MiFID services.
ESMA published its ideas on the revision of the sustainability framework on July 24. It is good, including for financial parties, to start thinking now about what needs to be done to take the framework into its next phase.
In June, the State Department published the draft International Sanctions Bill. With this bill, the government intends to replace and modernize the current Sanctions Act 1977.
Welcome to the DUFAS team! We are very happy with our new colleague Gerwin van de Steeg as regulatory affairs manager. His knowledge and experience make him a valuable addition to the team. To get to know Gerwin better, we asked him a few questions.
Through EFAMA, we have compiled a comprehensive fact sheet with the most important facts and figures about the Dutch Asset Management sector. This fact sheet offers a clear overview of the most recent developments and trends within the sector, and is a tool for anyone interested in the dynamics of asset management in the Netherlands.
In June, EFAMA, the European industry association, published its 2024 factbook. This contains an in-depth analysis of key trends and developments in the fund industry, both within and outside Europe. It also provides a range of data on the market, funds and trends.
On April 23, the AFM published its consultation guideline PARP 'scenario analyses from a client perspective'. We endorse the importance of scenario analyses by investment firms or managers of investment institutions that also offer investment services. Nevertheless, we made it clear in our response of June 7 that drafting a guideline is not the right instrument to give substance to a European standard for asset managers.
On May 31, the Ministry of Finance published the draft bill "DNB Mortgage Market Reporting Act. This bill aims to create a legal authority for DNB for data-driven supervision. We indicated in our June 28 response that we are not convinced that introducing this reporting requirement is necessary.
Now that the Cabinet has taken off, it will begin to focus on fleshing out the coalition program. We look forward to fleshing out the agreement and are happy to share our priorities for further consideration.
Just when the newly installed cabinet has announced its intention to reduce the administrative burden of business and no longer wants to allow national headlines on (European) regulations, the Ministry of Finance is planning to introduce additional reporting requirements for the financial sector.
On May 17, the Ministry of Finance published the draft legislative proposal "AFM Supervisory Reporting Act. This bill aims to create a legal authority for the Financial Markets Authority (AFM) for data-driven supervision. We indicated in our response of June 28 that we do not support the introduction of a reporting obligation as included in the draft bill.
In this series, we talk to leading figures from the asset management industry and around it. Second, we spoke with Edward Feitsma, strategic policy advisor at VNO-NCW on the financial sector portfolio. From this position, Edward deals with financial topics within VNO-NCW. During the DUFAS ALV, he shared his insights on the position of the financial sector in the political administrative arena of The Hague.
