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Through the Climate Commitment, banks, pension funds, asset managers and insurers are contributing to the Paris Agreement and to the Dutch climate goals based on it. Realizing a good, long-term and responsible return for our clients and participants goes hand in hand with contributing to a liveable world.
In December, together with Euronext and Stichting Capital Amsterdam, we celebrated a historic anniversary: 250 years of investment funds.
In November, the European Commission announced the "Omnibus proposal." From DUFAS, we drafted a position statement on this. For a sustainable economy, access to reliable data is essential.
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.
With the International Responsible Business Act (WIVO), the European "Corporate Sustainability Due Diligence Directive" will be implemented in Dutch legislation. For the asset management sector, DUFAS did identify a number of important concerns in the proposal. These are included in the response to the bill submitted on December 24, 2024.
On the occasion of the 250th anniversary of the establishment of the world's first investment fund, Eendragt maakt Magt, a special gong ceremony took place today at Beursplein 5. At the invitation of DUFAS, the industry association for asset managers, Euronext Amsterdam and Stichting Capital Amsterdam, Jos Heuvelman opened the Amsterdam Stock Exchange on behalf of the Netherlands Authority for the Financial Markets For the first time in history, the unique deed of incorporation of Eendragt Maakt Magt was presented at the ceremony.
The Dutch Climate Act stipulates that every five years the government must draw up a climate plan. In each case, the plan looks ahead ten years to achieving the goal of being climate neutral by 2050. Because asset managers contribute to accelerating the energy and climate transition, we responded to this consultation.
In ten years, the cost of financial supervision in the Netherlands rose 53%. To temper costs and promote the business climate, the government must reflect and co-pay, writes Jeroen van Wijngaarden in the Financieel Dagblad.
Many Dutch people are missing out on financial returns due to a lack of knowledge about investing. Research conducted by DVJ Insights, commissioned by DUFAS, shows that nearly half of the Dutch themselves say they lack the knowledge to invest. At the same time, a large group is worried about their financial future.
At our request, EFAMA conducted a survey of national associations to better understand the development of supervision costs in Europe.
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.
On May 22, 2024, the European Commission (EC) launched a consultation to assess the appropriateness of macroprudential policies for Non-Bank Financial Intermediation (NBFI). From DUFAS, we have prepared a memorandum. This provides a brief overview of our views, insights and recommendations regarding this consultation.
