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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.
In this series, we engage with leading figures from the asset management industry and beyond. This time we spoke with Erika Korthof, senior asset management supervisor at the Netherlands Authority for the Financial Markets. In this role, she deals with licensing applications from investment firms, investment fund managers and crowdfunding service providers, among others. In this interview, she talks more about what it's like to work for the AFM, the relationship with the asset management industry and DUFAS, and why professionals from the industry are very valuable to the AFM.
In this series, we put three questions to leading figures from the asset management industry and around it. This time we spoke with Anouk van Brug, MEP for the VVD. Anouk, 32, grew up in Amsterdam on a houseboat and currently lives in Scheveningen. Last summer she was elected to the European Parliament and took a seat in the ECON committee. In this interview, we discuss her role within this committee, which is responsible for all financial sector-related issues.
In this series, we engage with leading figures in the asset management industry and beyond. This time we spoke with Cecile Roze, Manager of Corporate Sustainability at PGGM. In this role, Cécile signed the CFA DEI code on behalf of PGGM. This is a guideline that helps companies develop internal diversity. In this interview, she talks more about PGGM's inclusion, equality and diversity policy and the value of the CFA DEI code.
Welcome to the DUFAS team! From October 1, 2024, Daan Zebel will join our team as manager of regulatory affairs. DUFAS is pleased to welcome Daan as a new team member. His knowledge and experience make him a valuable addition to the team. To get to know him better, we asked Daan a few questions.
In June 2024, the final texts of the European AML Package were published, including the new Anti-Money Laundering Regulation (AMLR), which establishes rules to combat money laundering and terrorist financing. In this memo, we focus on the impact of this regulation on the definition of UBOs in common account funds (FGRs).
A busy week in political The Hague. Last Friday the new cabinet presented its coalition program and today the million note was presented to the House of Representatives during Prinsjesdag. Both a first for the Schoof administration. A new cabinet with new coalition partners and new ideas. From DUFAS we would like to bring you up to date on the five issues of importance to the sector.
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.
