New provisions have been included in the Decree on the Conduct of Business Supervision of Financial Undertakings FMSA regarding commission payments and remuneration transparency of financial service providers as of 1 January 2009. These provisions are based on the MiFID inducement rules and are intended to improve consumer protection when acquiring complex products or mortgage loans.
The AFM has published draft guidelines (in Dutch) for the application of the inducement rules. It has stated that in doing so it is not imposing further rules and does not intend to prohibit certain commission structures in advance.
Interested parties have until 19 June 2009 to respond to the draft guidelines.