Regulation Framework

Regulatory obligations have become a major aspect in the contemporary financial world. With MIFID II becoming applicable as of January first 2018 another significant step is taken.

AFS, as an independent services provider, specialist in financial instrument transactions, is perfectly placed to guide you through this challenging transformation. We have worked hard to develop our answer to new rules and regulations making our solutions future regulatory proof for our end-clients as well as for ourselves.

AFS Regulatory Solutions for Clients   

For AFS clients and their clients, we provide:

  • (umbrella) MIFID II proof Best Execution
  • Regulatory reporting across several regulatory regimes
  • Transaction costs analysis
  • MIFID II advice

Read more about AFS regulatory solutions…

AFS Regulatory obligations

Financial institutions have different business models with associated legal frameworks:

  • Credit institutions: e.g. Banking Act, Basel, Capital Requirements Regulation (CRR)
  • Funds: e.g. Alternative Investment Fund Managers Directive (AIFMD)
  • Insurance related: e.g. Solvency
  • Investment Firms (among which AFS): e.g. MIFID & MIFID II

AFS categories as an Investment firm (belegingsonderneming). AFS subsidiaries operate under supervision of the Dutch Central Bank (DNB) and are in the possession of all required licenses of the:

  • AFM The Netherlands Authority for the Financial Markets
  • FINMA The Zurich branch is regulated by the Swiss Financial Market Supervisory Authority
  • BAFIN The German branch is regulated by the Federal Financial Supervisory Authority
  • FCA The London LTD is regulated by the Financial Conduct Authority
  • NFA The activities of the London LTD are regulated by the National Futures Association

In the difference jurisdictions AFS has to deal with the following regimes:

  • EMIR
  • Dodd Frank