Netherlands: Financial Services

The Court of Justice of the European Union has issued a significant ruling on whether a Dutch construction-sector guarantee provider requires authorisation as a payment service provider under the Payment Services Directive. While the decision is confined to fact-specific circumstances, it has the potential to influence how key regulatory concepts will be interpreted under the forthcoming PSD3 regime...

The Court of Justice of the European Union has ruled on whether an intermediary providing security deposit services falls within the scope of the Payment Services Directive 2. The judgment clarifies when funds transfer activities constitute regulated payment services versus ancillary functions to a primary business offering. This decision has significant implications for financial service providers operating in the European Union.

The Court of Justice of the European Union has delivered a landmark judgment clarifying whether businesses that receive, hold and transfer client funds are providing regulated payment services under PSD2.

The proposed amendments to the Dutch Financial Supervision Act (Wet financieel toezicht - Wft) introduce a more targeted application of the 20% bonus cap.

The European Court of Justice is examining whether escrow-type arrangements for construction security deposits constitute regulated payment services under PSD2. An Advocate General has delivered an opinion that could fundamentally reshape how intermediary fund-holding services are classified, potentially excluding certain guarantee and security deposit arrangements from payment services regulation.

The Wennink report spotlights a real bottleneck for accelerating growth. Promising Dutch start‑ups and scale‑ups are often shut out of public support.

On 17 June 2025, the European Commission (the "Commission") published its proposed measures to revive the securitisation framework in the European Union ("EU"), with a view to making it simpler and more fit for purpose.

El 1 de julio de 2025, el Secretario de Estado de Finanzas presentó una carta al Parlamento en la que aborda propuestas alternativas en relación con el esquema de interés lucrativo actual (la «carta»).

On 15 July 2025, Dutch Central Bank (DNB) published an updated guide on climate and nature risk management for the financial sector...