On May 21, NLD GVT consulted on resilience implementation decree.
NLD GVT consulted on Digital Operational Resilience Implementation Decree.
Follows NLD GVT May 2023 consulted on financial sector implementation, #173973.
Main Points
The Decree ensures DORA implementation through the appointment of competent supervisory authorities and the definition of relevant enforcement measures.
The Decree also ensures implementation of the directive accompanying DORA reg.
NLD AFM will be the supervisory authority regarding DORA compliance by advisors.
Crypto-asset service providers, investment managers, benchmark administrators.
UCITS managers, investment firms, (re-)insurance intermediaries, crowdfunding service providers, data reporting service providers, trading platforms, (sub-)agents.
NLD DNB will be the supervisory authority for banks, payment service providers.
Payment institutions, central securities depositories, central counterparties, e-money institutions, premium pension institutions; issuers of asset-related tokens, insurers.
Public disclosure of enforcement measures; alignment of existing decrees to this one.
Upon adoption, the Decree is planned to enter into force on Jan. 17, 2025.
Effectiveness
Comments can be submitted online until Jul. 1, 2024.
Dec. 2024 Decree Published
On Dec. 3, 2024, NLD GVT published Digital Operational Resilience Implementation Decree with its explanatory note; aligning changes to the EU Regulations Wft Decree.
Decree on Conduct Supervision of Financial Undertakings, Decree on Prudential Rules.
Financial Undertakings Market Access Decree, Financial Assessment Framework for Pension Funds Decree, Regulated Markets Decree, Decree on administrative fines.
The decree will enter into force on Jan. 17, 2025.
Regulators
NLD AFM; NLD DNB; NLD GVT
Entity Types
B/D; Bank; Depo; IA; Ins; MSB; Pension
Reference
OG 2024-379, 12/3/2024; Decree 11/25/2024; DORA Dir 2022/2556, Reg 2022/2554; CP 15103, 5/21/2024; DORA Reg 2022/2554; Dir 2022/2556
