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Private & Confidentialosborneclarke.com
Date Supervisory
authority
Legislation Summary of announcement Link
source
1 April AFM
ESMA
MiFID2/MiFIR AFM will apply the best execution reporting
requirements of RTS 27 and 28 deadlines less strictly,
following a statement of ESMA, insofar as delays have
been caused by the effects of the coronavirus.
(NL) AFM website
(EN) ESMA release
30 March AFM AIFMD/UCITS AFM supervises liquidity of funds, stresses that fund
managers must report to the AFM immediately
suspending redemption of units:
• activating gates
• setting up side pockets
• redemption in kind to investors
(NL) AFM website
27 March ECB
DNB
Banks ECB and DNB ask banks not to pay dividends until at
least October 2020
(EN) ECB website
(NL) DNB website
27 March AFM
ESMA
Issuers The AFM offers grace period for late filing of financial
reporting by issuers with financial instrument admitted to
trading following an ESMA statement.
(NL) AFM website
(EN) ESMA release
27 March ESMA MiFID2/MiFIR ESMA confirms 1 April as the application date of equity
transparency calculations (including the new tick sizes)
– despite some stakeholders asking ESMA to postpone
the date of application.
(EN) ESMA website
27 March ESMA Transparency
Directive
Publication deadlines under the Transparency Directive
(TD).
(EN) ESMA website
26 March AFM
ESMA
SFTR/MiFIR Postponement of the reporting obligations related to
securities financing transactions under the Securities
Financing Transactions Regulation (SFTR) and under
Markets in Financial Instruments Regulation (MiFIR).
(NL) AFM website
(EN) ESMA release
26 March AFM General
supervision
AFM has put on hold in principle all large information
requests from financial undertakings up to 1 June 2020.
(NL) AFM website
25 March EBA Various Clarifications for banks and consumers on the
application of the prudential framework in light of
COVID-19 measures
(EN) EBA website
25 March ESMA Various (IFRS 9) Accounting implications of the COVID-19 outbreak on
the calculation of expected credit losses in accordance
with IFRS 9. Please note that EBA has also issued
related statements which are included in this list.
(EN) ESMA website
20 March DNB CRD/CRR Various DNB measures in reaction to coronavirus with
respect to capital and liquidity buffers.
(NL) DNB website
#COVID19
Financial regulators'​ Covid-19 measures
the Netherlands for
Investment firms and fund managers
Last update: 1 April 2020
1
Private & Confidentialosborneclarke.com
These materials are written and provided for general
information purposes only. They are not intended and should
not be used as a substitute for taking legal advice. Specific
legal advice should be taken before acting on any of the topics
covered.
© Osborne Clarke N.V.
April 2020
Osborne Clarke is the business name for an international legal
practice and its associated businesses. Full details here:
osborneclarke.com/verein
Johannes de Jong
Partner – Head of Financial Regulatory
T: +31 20 702 86 78
E: johannes.dejong@osborneclarke.com
Ted Broekhof
Associate – Financial Regulatory
T: +31 20 702 8690
E: ted.broekhof@osborneclarke.com
Matthijs Leijendekker
Associate – Financial Regulatory
T: +31 20 702 8914
E: matthijs.leijendekker@osborneclarke.com
This list is compiled for your convenience and may not be complete or a completely accurate reflection of the announcements it refers to.
Date Supervisory
authority
Legislation Summary announcement Link source
20 March ESMA Various ESMA extends consultations response dates. (EN) ESMA website
20 March ESMA MiFIR Actions to mitigate the impact of COVID-19 on the EU
financial markets regarding the new tick size regime for
systematic internalisers.
(EN) ESMA release
20 March ESMA MiFID2 Clarification of issues related to the application of
MiFID2 requirements on the recording of telephone
conversations.
(EN) ESMA website
17 March DNB CRR Decision to lower bank buffers requirements and
postponement of the implementation of a lower limit for
the risk weighting of mortgage loans.
(NL) DNB website
16 March ESMA Short Selling
Regulation
Temporarily obligation lower threshold to report net short
positions in shares are admitted to trading on a
regulated market in accordance with point (a) of article
28(1) of the Short Selling Regulation (SSR).
(EN) ESMA website
12 March ECB CRD ECB Banking Supervision provides temporary capital
and operational relief in reaction to coronavirus
(EN) ECB website
11 March ESMA Various ESMA recommends action by financial market
participants for COVID-19 impact.
(EN) ESMA website
6 March DNB Various Guidance in respect of business continuity of financial
enterprises.
(NL) DNB website

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Fin regcovid19 measures list nl

  • 1. 0 Private & Confidentialosborneclarke.com Date Supervisory authority Legislation Summary of announcement Link source 1 April AFM ESMA MiFID2/MiFIR AFM will apply the best execution reporting requirements of RTS 27 and 28 deadlines less strictly, following a statement of ESMA, insofar as delays have been caused by the effects of the coronavirus. (NL) AFM website (EN) ESMA release 30 March AFM AIFMD/UCITS AFM supervises liquidity of funds, stresses that fund managers must report to the AFM immediately suspending redemption of units: • activating gates • setting up side pockets • redemption in kind to investors (NL) AFM website 27 March ECB DNB Banks ECB and DNB ask banks not to pay dividends until at least October 2020 (EN) ECB website (NL) DNB website 27 March AFM ESMA Issuers The AFM offers grace period for late filing of financial reporting by issuers with financial instrument admitted to trading following an ESMA statement. (NL) AFM website (EN) ESMA release 27 March ESMA MiFID2/MiFIR ESMA confirms 1 April as the application date of equity transparency calculations (including the new tick sizes) – despite some stakeholders asking ESMA to postpone the date of application. (EN) ESMA website 27 March ESMA Transparency Directive Publication deadlines under the Transparency Directive (TD). (EN) ESMA website 26 March AFM ESMA SFTR/MiFIR Postponement of the reporting obligations related to securities financing transactions under the Securities Financing Transactions Regulation (SFTR) and under Markets in Financial Instruments Regulation (MiFIR). (NL) AFM website (EN) ESMA release 26 March AFM General supervision AFM has put on hold in principle all large information requests from financial undertakings up to 1 June 2020. (NL) AFM website 25 March EBA Various Clarifications for banks and consumers on the application of the prudential framework in light of COVID-19 measures (EN) EBA website 25 March ESMA Various (IFRS 9) Accounting implications of the COVID-19 outbreak on the calculation of expected credit losses in accordance with IFRS 9. Please note that EBA has also issued related statements which are included in this list. (EN) ESMA website 20 March DNB CRD/CRR Various DNB measures in reaction to coronavirus with respect to capital and liquidity buffers. (NL) DNB website #COVID19 Financial regulators'​ Covid-19 measures the Netherlands for Investment firms and fund managers Last update: 1 April 2020
  • 2. 1 Private & Confidentialosborneclarke.com These materials are written and provided for general information purposes only. They are not intended and should not be used as a substitute for taking legal advice. Specific legal advice should be taken before acting on any of the topics covered. © Osborne Clarke N.V. April 2020 Osborne Clarke is the business name for an international legal practice and its associated businesses. Full details here: osborneclarke.com/verein Johannes de Jong Partner – Head of Financial Regulatory T: +31 20 702 86 78 E: johannes.dejong@osborneclarke.com Ted Broekhof Associate – Financial Regulatory T: +31 20 702 8690 E: ted.broekhof@osborneclarke.com Matthijs Leijendekker Associate – Financial Regulatory T: +31 20 702 8914 E: matthijs.leijendekker@osborneclarke.com This list is compiled for your convenience and may not be complete or a completely accurate reflection of the announcements it refers to. Date Supervisory authority Legislation Summary announcement Link source 20 March ESMA Various ESMA extends consultations response dates. (EN) ESMA website 20 March ESMA MiFIR Actions to mitigate the impact of COVID-19 on the EU financial markets regarding the new tick size regime for systematic internalisers. (EN) ESMA release 20 March ESMA MiFID2 Clarification of issues related to the application of MiFID2 requirements on the recording of telephone conversations. (EN) ESMA website 17 March DNB CRR Decision to lower bank buffers requirements and postponement of the implementation of a lower limit for the risk weighting of mortgage loans. (NL) DNB website 16 March ESMA Short Selling Regulation Temporarily obligation lower threshold to report net short positions in shares are admitted to trading on a regulated market in accordance with point (a) of article 28(1) of the Short Selling Regulation (SSR). (EN) ESMA website 12 March ECB CRD ECB Banking Supervision provides temporary capital and operational relief in reaction to coronavirus (EN) ECB website 11 March ESMA Various ESMA recommends action by financial market participants for COVID-19 impact. (EN) ESMA website 6 March DNB Various Guidance in respect of business continuity of financial enterprises. (NL) DNB website